by Bill McBride on 2/12/2013 08:50:00 AM
Tuesday, February 12, 2013
From the National Federation of Independent Business (NFIB): Small-Business Owner Confidence Barely Budges
Small-business owner confidence continues to drag, according to the National Federation of Independent Business (NFIB) Small Business Optimism Index. The Index gained 0.9 points, rising to 88.9, failing to regain the losses caused by last month’s “fiscal cliff” scare. Expectations for improved business conditions increased by five points, but remain overwhelmingly low—negative 30 percent—the fourth lowest reading in survey history. Actual job creation and job creation plans improved nominally, but still not enough to keep up with population growth.Click on graph for larger image.
This graph shows the small business optimism index since 1986. The index increased to >88.9 in January from 88.0 in December.
Note: Small businesses have a larger percentage of real estate and retail related companies than the overall economy. This index remains low.
Posted by Bill McBride on 2/12/2013 08:50:00 AM