Heads of businesses in Pennsylvania lowered their confidence in the economy for 2013 after a disappointing 2012, according to a survey by First Niagra Bank N.A.
Even with this lower confidence, more Pennsylvania business leaders said they plan to add jobs rather than eliminate them in 2013, and to invest in fixed assets such as property and equipment, the Buffalo-based bank said.
The annual survey was the bank's fourth and was based on responses from 715 leaders of private businesses in Philadelphia, Pittsburgh, Allentown, Scranton, Altoona, Harrisburg, Erie, Lancaster, Reading and York.
