A small biz survey shows optimism slipping across the state.
The end of summer is creeping up, but it’s not just the decline in temperature that people are worried about. A new survey from Thumbtack.com shows that the economic outlook for small businesses in Georgia is looking down.
July’s United States Small Business Sentiment Survey, which included 521 responses from Georgia, indicates that local business owners’ confidence in their own finances has fallen 2 percent while their attitude toward the economy has dropped by double that, the Thomasville Times-Enterprise reported.
The survey highlighted particular concerns about the expectation for availability of credit, which dropped five points, and the ability to bring in new customers.
Even though Georgia professionals remain more optimistic than those in the rest of the south and the nation as a whole, there are some uncertainties ahead for Georgia employees and owners alike, according to the Thomasville-Times Enterprise. The survey showed a 3 percent decline in owners likely to add employees, and responses from individuals in the survey spoke to more temporary employees being brought in to replace full-time employees.
“Although the economy as seen through the eyes of America’s small businesses has improved over the last year, and some areas reported stronger economic sentiment, recent trends show that small businesses are not feeling optimistic about the future,” Thumbtack’s chief economist Jon Lieber told the Thomasville Times-Enterprise.