NFIB: Small Business Optimism Index Declines in September

From the National Federation of Independent Business (NFIB): Small Business Optimism Index Declines in September

September’s optimism index gave up 0.8 points, falling to 95.3. At 95.3, the Index is now 5 points below the pre-recession average (from 1973 to 2007). …

NFIB owners increased employment by an average of 0.24 workers per firm in September (seasonally adjusted), the 12th positive month in a row and the largest gain this year.
emphasis added

Hiring plans decreased to 9 (still solid).

And in a positive sign, the percent of firms reporting “poor sales” as the single most important problem has fallen to 14, down from 17 last year – and “taxes” at 21 and “regulations” are the top problems at 22 (taxes are usually reported as the top problem during good times).

Small Business Optimism Index Click on graph for larger image.

This graph shows the small business optimism index since 1986.

The index decreased to 95.3 in September from 96.1 in August.

Note: There is high percentage of real estate related businesses in the “small business” survey – and this has held down over all optimism.

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