Business expectations for June quarter hit record lows

Sales expectations have dipped as businesses continue to struggle with weak consumer spending and the fear of rising fuel prices, according to the latest Dun & Bradstreet Business Expectations Survey.

Every quarter, Dun & Bradstreet surveys 1,200 business owners and senior executives about their business expectations in the upcoming quarter.

The survey, which examines business expectations for the June quarter, reveals significant declines in the outlook across most indices after record highs just six months ago.

According to the report, sales expectations have fallen to an index of 14, the lowest reading in the last seven quarters and just one point above the 10-year average.