Small-Biz Owners' Confidence Drops

Energy prices, Mideast turmoil, and Fed rate hikes led to trimmed expansion plans and a drop in optimism among Midwestern owners in July

Conflict in the Middle East and rising energy prices weighed on Midwestern small-business owners' confidence in July, according to the National City Small Business Confidence Index, a monthly survey polling 2,730 small-business owners about their general economic outlook and their hiring plans. The survey is conducted by National City Corporation (NCC), a Cleveland-based finance company.

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