Tuesday, February 10, 2015

Small Business Optimism Dipped in January

The NFIB Small Business Optimism Index slipped 2.5 points in January, edging down to 97.9. Seven of the ten indices dropped, compared to December when eight of the ten indices posted gains. Expectations for the economy to improve led the decline. Current inventory and current job openings were the only two categories to post gains.

Expected business conditions drove most of the decline, falling 12 points (43%), followed by a 4 point (14%) decline in real sales and a 4 point (14%) decline in earnings. Current inventory and current job openings rose 2 points and one point, respectively. The expected credit conditions category was unchanged.

Government regulation and red tape was single most important problem for small businesses, followed by taxes. Financing and interest rates remained the least cited concern.

Read the NFIB report.

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