Irvine, Calif.—U.S. business owners are less optimistic about the economy than they were six months ago, but they are more optimistic about their own businesses' prospects over the next six months than their global counterparts, according to a survey by software company Sage North America.
Sage's semi-annual Business Index study was based on an online survey of 10,861 small and midsize businesses in 15 countries conducted in September.
It found that on a scale of 0 to 100, with 0 to 50 representing negative sentiment and 51 to 100 representing positive sentiment, U.S. businesses on average had a confidence level of 60.28 when asked about their business prospects over the next six months.
The index is down slightly from a confidence level of 61.07 in the spring survey. However, U.S. businesses are more optimistic than their global counterparts, which had an average confidence index of 56.46.
The top concerns of the 923 U.S. business owners surveyed were inflation and rising costs of resources (cited by 45% of respondents), instability of local markets (35%), decreased consumer confidence (34%) and increasing government regulation (34%). (Respondents could select more than one answer.)