Our Services
Our People
Account Lookup
Excomp Commentary
Resources
News
Featured News
Financial Briefs
Articles Of Interest
Problem Solvers
Contact Us
Home

Featured News

More Articles  Printer Friendly Version

 

Small-Business Optimism Declines But Remains High

Despite a 1.3% decline in September, the survey of small-business owner optimism, conducted and indexed by the National Federal of Independent Business monthly since 1986, remains high by historical standards. That's a strong positive fundamental amid a long list of uncertainties about the Federal Reserve's next move, trade war with China, pending impeachment of President Trump, European weakness, Brexit, and an inverted yield curve.

Of a sample of 5,000 small-business owners, the 603 usable responses returned showed a decline to 101.8, a 1.3% drop from August's reading of 103.1, according to the NFIB's release on Tuesday.

Small businesses create 60% of new jobs, and a recession is highly unlikely when business-owners are confident. Business owner sentiment impacts wage gains, investment, and jobs. In the long arc of its 42-year history, September's drop was nothing like the collapse in confidence preceding previous recessions.

"As small business owners continue to invest, expand, and try to hire, they're doing so with less gusto than they did earlier in the year, thanks to the mixed signals they're receiving from policymakers and politicians," said the NFIB's Juanita D. Duggan. "All indications are that owners are eager to do more, but they're uncertain about what the future holds and can't find workers to fill the jobs they have open."

One of the economic uncertainties clouding the future appeared to grow less threatening on Friday, when significant progress was reported in U.S. trade talks with China. The Standard & Poor's 500 index on Friday surged by 1.1% to close at 2,970.27, just 2% from its all-time closing high.


This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial or tax advice without consulting a professional about your personal situation. Tax laws are subject to change. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. No one can predict the future of the stock market or any investment, and past performance is never a guarantee of your future results.


Email this article to a friend


Index
Find The Major Economic Trend Hidden In This Picture
Is The New Record High In Stocks Irrational?
Stocks Break New Record; Economic Outlook Clears
Despite Frights, Can The Expansion Continue?
Retail Sales Coverage Reflected The Narrow View Of The Media
Analysis Of New Employment, Manufacturing & Service Economy Data
Quarter Ends Well Despite Trade War, Inverted Yield Curve & Political Crisis
No Recession But A Slower Pace Of Growth
Fickle Financial Headlines Brighten
Economy Gets Bad Press Again
Europe's Growth Problem And Your Portfolio
Stocks Dropped 2.6% On Friday, As Reality Gap Seemed To Widen
A Prudent Perspective On Recent Volatility
A Tale Of Two Economies
Amid Worries, New Equity Risk Premium Data Explained

This article was written by a professional financial journalist for Excomp Asset Management, Ltd. and is not intended as legal or investment advice.

©2019 Advisor Products Inc. All Rights Reserved.