Small Busi­ness Op­ti­mism Drops on Sales Con­cerns

The Bond Buyer - - Market News - — Gary E. Siegel

The Small Busi­ness Op­ti­mism in­dex de­clined to 103.0 in Septem­ber from 105.3 in Au­gust, as sales ex­pec­ta­tions dropped, the Na­tional Federation of In­de­pen­dent Busi­ness said Tues­day.

“The temp­ta­tion is to blame the de­cline on the hur­ri­canes in Texas and Florida, but that is not con­sis­tent with our data,” said Juanita Dug­gan, NFIB Pres­i­dent and CEO. “Small busi­ness own­ers across the coun­try were mea­sur­ably less en­thu­si­as­tic last month.”

Sales ex­pec­ta­tions sank 12 points in the month, while the num­ber say­ing “it’s a good time to ex­pand” fell 10 points. Busi­ness con­di­tions ex­pec­ta­tions and cap­i­tal ex­pen­di­ture plans also dropped.

“The drop-off was con­sis­tent around the coun­try re­gard­less of re­gion, and it’s likely that mem­bers in Florida and Texas were un­der­rep­re­sented in this sur­vey be­cause of the ob­vi­ous dis­rup­tions,” said NFIB Chief Econ­o­mist Bill Dunkel­berg.

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