Small Business Finance News
NFIB Reports Renewed Small Business Optimism
Written by Miriam Lamey
Published: 5/12/2009
The National Federation of Independent Business index provides good news for small businesses.
The recently released National Federation of Independent Business (NFIB) Index of Small Business Optimism provides good news for small businesses, highlighting that that small business optimism increased 5.8 points to 86.8 in April 2009.
However, while this presents some positive news for small business owners, many are also remaining cautious as they hope the economy gets back on its feet.
Capital expenditure plans showed a gain of three points to 19 percent, which means small business owners are feeling more secure about business but are not extremely confident yet.
Profit gains for April were reported to increase by three points and only 11 percent of owners earned more last month. A further 55 percent of owners did report stronger sales.
Profit gains for April were reported to increase by three points and only 11 percent of owners earned more last month, 55 percent of which did report stronger sales.
NFIB chief economist, William Dunkelberg feels that the index reports changes in an upward direction, but reminds small business owners that these shifts are fairly small.
"This is good news for GDP growth and a rescue of the job market," he explained. "However, the report indicated no immediate turnabout as the improved numbers were still very low."
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