Business optimism in New Brunswick remains slightly lower than the national average according to the Canadian Federation of Independent Business.
Small biz barometer is down a bit. https://t.co/udmCfx21iL. Net FT staffing plans still weak for this time of year pic.twitter.com/p8ud43D7Ag
— Ted Mallett (@cfibeconomics) May 26, 2016
The report put New Brunswick at 57, just shy of the national average of 58.2 out of a possible 100.
CFIB says any score between 65 and 70 means the economy is growing at its potential.
In New Brunswick, 20% of business owners said they were going to hire full time staff, with 9% saying they would cut staff.
New Brunswick came in third in Atlantic Canada, with PEI (75), Nova Scotia (63.9) and Newfoundland and Labrador (44.6) in first, second and fourth respectively.
In New Brunswick the CFIB states the biggest constraints on small firms were wages, and tax and regulatory costs.
Small business confidence dips in May https://t.co/KFSdqtuFek
— Dan Kelly (@CFIB) May 26, 2016
The full report can be found HERE
The provincial summaries are available HERE
