Small business optimism rises on expected spending

Cornelia Mascio
Novembre 15, 2017

President Donald Trump hosts a meeting with business leaders in the Roosevelt Room of the White House in Washington on Monday January 23, 2017.

Dow Jones - Optimism among United States small-business owners inched up in October, according to a report Tuesday, as more owners said they expect better sales in the months ahead and believe it is a good time to expand their operations. The historically elevated results and continued strong performance began during the months dating back to last November, when it skyrocketed immediately following the election of President Donald J. Trump.

Other top economic concerns for Washington area entrepreneurs and small business owners are consumer spending, strength of the USA dollar, interest rates, the stock market and corporate tax rates. "In the nearer term, they are more optimistic about real sales growth and improved business conditions through the end of the year".

Four of the Index components rose last month, while five declined only slightly and one remained unchanged. Dunkelberg said what's been a tight labor market for small businesses has tightened with fewer qualified applicants. However, the skills gap continues to be a challenge.

At a net negative 14 percent, more owners reported lower earnings than higher earnings, though.

Four out of every five small business owners feel isolated, and almost a third said they lack knowledge and need extra support in business planning, a survey and report by not-for-profit group, Business Mentors, shows.

However, hiring activity was high in Florida and Georgia, as construction firms tried to meet higher demand caused by recent hurricane activity, according to the NFIB's survey.

NFIB said in the report it expects a pick-up in auto spending and home-improvement spending as people in Texas and Florida replace cars that were damaged in recent hurricanes.

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