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NFIB Survey Finds Small Business Owners More Confident

Written by Ken Gaebler
Published: 11/10/2010

Entrepreneurs are more optimistic than they have been in the past five months

According to one of the most recent small business confidence indexes, small business owners were more confident in the month of October than they have been in the past five months.

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In the latest news for small business, the National Federation of Independent Business optimism index revealed that optimism has reached a score of 91.7, higher than its score of 89 in September. The leader of the NFIB, William Dunkelberg, said that though growth would be slow, the economy was showing signs of improvement.

"The private sector will continue to slog ahead," stated Dunkelberg. October’s gain in optimism is “not a huge move, but at least a decent jump, perhaps anticipating an acceleration in economic activity or a change in the ‘management team’ after the election."

Small business owners were also more confident when it came to the next six months. Entrepreneurs who expected business conditions to improve in the next half a year rose 11 percent, according to the report.

Dunkelberg made other headlines recently after he called for an extension of all of the Bush-era tax cuts. In an interview with the Christian Science Monitor, the economist said that many small business owners would be hurt if couples making more than $250,000 a year were not given tax breaks.

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