Contacts
 



Keyword Site Search






Small Business Optimism Fades

Owners Outlook on Economy, Spending and Hiring Slip in Latest Survey

Of the small businesses reportedly projecting to make a capital outlay in the next 3 to 6 months, only 18% plan to improve buildings or land and just 4% plan to purchase additional buildings or land.

Down from its cycle high of 108.8 a year ago, the Small Business Optimism Index put out by the National Federation of Independent Business fell 1.6 points to come in at 103.1 in August; though this reading is about average for the year and still points to solid growth.

Business owners are still feeling good about present conditions as reported sales and earnings are still solid, jobs are being added and financing is not difficult to secure for the most part.

However, future expectations took a hit in the latest report. The percentage of business owners expecting improvement over the next six months dropped 8 points to 12%, the largest decrease since January. Prospects for increasing staff over the next six months fell 1 point to 20; not terrible but still six points off its cycle high one year ago. The score for anticipating a capital expenditure during the next 3 to 6 months remained unchanged at 28 but is down 5 points from its cycle high reached again one year ago.

"Given the uncertainty about the trade standoff and global economy, we are not surprised small business optimism pulled back a notch," stated the Wells Fargo Economics Group. "Concerns about the global economy have subsided a bit this month and stock prices have rebounded. We expect small business optimism to do the same next month."

Filed Under: ECONOMICS, BUSINESS, OPTIMISM, NFIB

Related Stories


Construction Spending Posts Monthly Gain | Landscape Architect

Construction Spending Posts Monthly Gain

31126  Construction Spending Posts Monthly Gain
Home Builder Confidence Hits 20-Month High | Landscape Architect

Home Builder Confidence Hits 20-Month High

31124  Home Builder Confidence Hits 20-Month High
Report Predicts 2020 Construction Starts Will Drop | Landscape Architect

Report Predicts 2020 Construction Starts Will Drop

31121  Report Predicts 2020 Construction Starts Will Drop
Total Construction Starts Down for Month | Landscape Architect

Total Construction Starts Down for Month

31117  Total Construction Starts Down for Month
Landscape Architecture Firm Becomes Employee-owned | Landscape Architect

Landscape Architecture Firm Becomes Employee-owned

31111  Landscape Architecture Firm Becomes Employee-owned
Small Business Optimism Fades | Landscape Architect

Small Business Optimism Fades

31104  Small Business Optimism Fades
Nonresidential Planning Index Shows Monthly Gain | Landscape Architect

Nonresidential Planning Index Shows Monthly Gain

31096  Nonresidential Planning Index Shows Monthly Gain
Mostly Positive Numbers for Residential Sales, Construction | Landscape Architect

Mostly Positive Numbers for Residential Sales, Construction

31092  Mostly Positive Numbers for Residential Sales, Construction
Architecture Billings Falter | Landscape Architect

Architecture Billings Falter

31081  Architecture Billings Falter
Construction Spending Is Down YTD | Landscape Architect

Construction Spending Is Down YTD

31077  Construction Spending Is Down YTD


November 19, 2019, 5:24 am PDT

Website problems, report a bug.
Copyright © 2019 Landscape Communications Inc.