A tale of two economies: Size matters
Big business leaders upbeat as owners of smaller firms worry
Most CEOs at large companies appear confident about outlook for hiring, spending
June 14, 2011
NEW YORK — Two reports on the sentiment of business owners and leaders show a sharp difference in the outlooks of large companies and their smaller brethren.
More than half of the chief executives of large U.S. companies said they expect to spend and hire more over the next six months despite slower economic growth, according to the latest Business Roundtable survey, released on Tuesday. The report showed 51 percent of CEOs polled expect to increase hiring. Last quarter's level of 52 percent had been the highest since the trade group began surveying its members in 2002.
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A separate survey released on Tuesday, however, showed small business sentiment in the United States fell for a third straight month in May, landing squarely in recessionary territory due to consumer reticence, high unemployment, and inflation worries.
"The most apparent reason for the weak optimism is the weak recovery," the National Federation of Independent Business, a trade group, said in its May report.
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Full story: http://www.msnbc.msn.com/id/43393765/ns/business-stocks_and_economy/
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