On the
brighter side, the survey found fewer owners were having
temporary cash flow issues, 42 percent, compared to 46 percent
in September.
At 96.8, business owner confidence fell more than two points in
September and has been on a downward trend since July when it
was 107.3. The percentage of business owners who said conditions
for their own operations were getting worse, 41 percent,
represents the highest degree of skepticism recorded thus far
noted in the 15-month-old survey.
35 percent of small business owners feel that economic
conditions for their businesses are getting better, a decrease
from the 40 percent in September and two percentage points lower
than a year ago in October. Those who saw their conditions
getting worse was 41 percent compared to 35 percent in 2006.
32 percent of owners said that they rate the overall U.S.
economy as excellent or good, down from last month’s 39 percent
and the lowest rating in this category since the Watch’s
inception. In October 2006, 44 percent of owners rated the
economy excellent or good.
42 percent said they had experienced cash flow issues over the
last 90 days, a decrease from 46 percent in September, but
higher than 34 percent from a year ago.