Optimisim ticks ever so slightly up in August for small business owners

Photo courtesy of Morguefile user mconnors

Photo courtesy of Morguefile user mconnors

According to the National Federation of Independent Businesses (NFIB) August’s Optimism Index rose 0.4 points to 96.1. The latest reading, which was released earlier this week, is the second highest since October of 2007. In a press release NFIB chief economist Bill Dunkleberg says, “Expectations are still glum, although improving grudgingly. More owners still think business conditions will be worse in six months than think they will be better. Few see the current period as a good time to expand.” Dunkelberg adds, “There is so much ‘noise’ and uncertainty in the economic system that small business owners are finding it difficult to be optimistic in this environment. Overall, small business is still not in a good place.”

For a look at the entire press release (which does a pretty good job of summarizing the report) and for a link to the full report click here.

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