Small-business owners' overall confidence in the economy fell slightly in June as concerns about temporary cash flow increased, according to Discover Financial Services.
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The Riverwoods, Ill., company's Small Business Watch index declined by 1.3 points from May, to 86.1. The May reading was the 2010 high for the index, which was pegged at 100 on its launch in 2006.
Fifty-one percent of small-business owners reported temporary cash-flow problems in June, versus 45% in May.
"Many small-business owners are working harder than ever to make payroll, pay their bills and keep their businesses running," Ryan Scully, the director of Discover's business credit cards, said in a press release Monday.
