12/11/2012

Election results send small business owners into deep funk

From the Washington Post:
The National Federation of Independent Business said its index of small-business optimism dropped 5.6 points last month to 87.5. The index was compiled from a survey of 733 NFIB members taken throughout November. . . .NFIB Chief Economist William Dunkelberg said the biggest drag on the index was owners’ expectation that business conditions will be worse six months from now. The number of owners expecting better times ahead fell 37 points. Nearly half the owners surveyed are now pessimistic about the future. . . .Dunkelberg said the survey points to the election results as the biggest factor in owners’ darker mood.

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