The National Federation of Independent Business (NFIB) recently released their monthly survey report on small business economic trends. While the optimism index remained virtually static, it is interesting to note that nearly half of the top problems facing small businesses today are government related.
“The Index of Small Business Optimism went nowhere in August, so the good news is it did not fall. Two Index components, job openings and earnings trends both posted a solid 4 point gain, but there was not much action in the remaining components. Five components posted gains, 3 fell and 2 were unchanged. The Index reading of 95.9 was again well below the 42 year average of 98 and is consistent with reported economic growth of about 2 percent for the first half of the year. Owners didn’t seem to be overly concerned about the antics of the stock market, then again, most of the interviews were completed before the big slide and the China’s currency devaluation. In addition, most owners probably have their capital primarily invested in their firms, not other people’s firms.”
Read the full report: NFIB Small Business Economic Trends August 2015
