Businesses Are Still Pessimistic In September 2012
According to the NFIB’s small
business survey for the month of September small businesses
are continuing to be pessimistic about the economy.
The NFIB Small Business Optimism Index declined 0.1
points and fell to 92.8.
report is based on the responses of 691 randomly sampled
small businesses in NFIB’s membership, surveyed throughout
the month of September.
The recession-level reading was
pulled down by a deterioration in labor market indicators,
with job creation plans plunging 6 points, job openings
falling one point and more firms reporting decreases in
employment than those reporting increases in employment.
The percent of owners planning
capital outlays in the next three to six months fell 3
points to 21 percent, while the number of owners who
characterized the current period as a good time to expand
facilities went up 3 points (seasonally adjusted) to seven
percent of owners expecting better business conditions in
six months rose 4 points to two percent after posting a 6
point improvement last month.
This is still a
pessimistic collective view.
percent of all owners (seasonally adjusted) reporting higher
nominal sales over the past three months was unchanged at a
negative 13 percent.
Twenty-one (21) percent
still cite weak sales as their top business
problem—historically high, but down from the record 34
percent reached in March 2010.
the full report at the