Weak Sales Top Problem for Small Business

Washington, DC, July 27, 2011 -- Weak sales is the top problem small businesses face, and its a primary reason the economy is growing slowing, according to economist William Dunkelberg of the National Federation of Independent Business.

"Small business accounts for half of our gross domestic product," Dunkelberg says. "And one-in-four NFIB members continues to report that weak sales is their top business problem."

Dunkelberg also said that the manufacturing sector, exporters and big banks are doing well, but smaller banks - a major engine driving "main street" businesses and consumer spending - along with the housing market, remain weak.