Small-Business Optimism Declines But Remains High

Published Wednesday, December 31, 1969 at: 2:00 PM EST

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.

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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 advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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