Small Business Owners Remained Cautious In October, Despite Slight Increase In Confidence
The National Federation of Independent Business released the results of its Small Business Optimism Index survey for the month of October. The Index rose from 92.8 in September to 93.1 last month, as slightly more businesses projected increased sales.
However, the increase in small business confidence remained negligible, and did not indicate a significant change in the outlook of small business owners. The survey was completed a week before last week’s presidential election, while business projections were still fraught with uncertainty about the outcome of the race.
Aside from sales projections,Â other keys metrics remained virtually changed from September. 22 percent of respondents reported plans to make capital investments in the next three to six months, up from 21 percent in September. Four percent reported plans to create new jobs, the same as as September.