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NFIB Index Shows Growing Confidence Among Small Business Owners
Written by Jenna Weiner
Index was 0.7 percent higher, but still remains at recessionary levels
There was positive news for small business when it came to levels of confidence, according to one of the leading small business indexes.
In August, the National Federation of Independent Business Index of Small Business Optimism rose by 0.7 percent to a score of 88.8. The positive news was due to improvements in real estate sales and expectations, but still remained at recessionary levels. Business surveyed also reported job losses averaging 0.3 employees per company.
The chief economist for the NFIB, Bill Dunkelberg, said that it was up to those in the government to help business owners in their time of need. He said that they needed to work to improve the mood for small business owners.
"Small business owners are expecting sub-par growth in the second half of 2010," said Dunkelberg. "Consumers are pessimistic, business owners are pessimistic and Washington's leadership has been unable to inspire any confidence in the future."
The NFIB has been getting involved in other issues around the country. The group recently endorsed Mike Sparks, who is running for U.S. Representative in Tennessee. The Tennessean reports that Spark, who is also a member of the group, said that he would make "small, family-owned businesses a priority."
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