Small-business optimism grows across U.S.
More owners of small businesses plan to boost capital spending amid a jump in sales, according to a key small-business association.
The National Federation of Independent Businesses (NFIB) cited a slight increase in its August “optimism index,” with the expected upturns in capital spending and sales labeled “two bright spots in an otherwise mixed reading,” Bill Dunkelberg, NFIB’s chief economist, said in a statement.
The survey found that business owners were slightly less optimistic in August about business conditions over the next six months as well as the outlook for expansion. November’s survey, which will reflect the election outcome, should provide some insight on whether different leadership in Congress has had any effect on small business optimism since 28 percent of owners blame Washington politics for the country’s economic problems, the NFIB said.
“They’re making capital investments and trying to fill positions despite that they cannot anticipate a better economy,” Dunkelberg said. “Basically they’re preparing to taxi the runway but they don’t expect to take off anytime soon.”
The organization found that a record low percentage of small-business owners reported problems getting access to capital and an unusually high number of owners said they have no interest in borrowing.
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