Following months of sharp declines, economic confidence among small-business owners held steady in May, Discover reported Tuesday.

Based on a survey of 1,000 small-business owners nationwide, Discover's monthly small-business confidence index fell by less than half a percent to 110.

Among owners polled, 34 percent said they felt economic conditions were getting worse, up slightly from 32 percent in April, while 41 percent reported cash-flow issues over the past three months, up from 40 percent.

Another 31 percent said they would spend less on business development, up from 29 percent in April.

- next -