NFIB small-business optimism index plunges


11 December 2012
, by Greg Robb - Washington (MarketWatch)


Small-business optimism plunged in November in the wake of President Barack Obama's re-election, according to data released Tuesday.

An index from the National Federation of Independent Business that tracks sentiment among small firms fell 5.6 points at 87.5.

The survey found that 49% of small-business owners expect future business conditions to be worse than current conditions.

In October, a record percentage of owners were uncertain about the outlook, and it appears that many became decidedly negative in November.

"Washington does not have the needs of small business in mind, said NFIB chief economist Bill Dunkelberg.

"Between the looming 'fiscal cliff,' the promise of higher health-care costs and the endless onslaught of new regulation, owners have found themselves in a state of pessimism."

Read the full story: Small businesses: Obama worse than Lehman collapse http://www.marketwatch.com/story/small-businesses-obama-worse-than-lehman-collapse-2012-12-11

Comment

You need to be a member of 12160 to add comments!

Join 12160

24 or more hours of member activity

Please remember this website is supported by your donations...

12160 NEWS new management/admin info

Report an Issue

Forum

Keep 12160 Alive, please donate!

Started by The Admin Team in Current News/Events. Last reply by Tara on Wednesday. 2 Replies

© 2014   Created by truth.

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2014 - all rights reserved. unless otherwise noted
var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-48719234-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();