NASHVILLE, Tenn. (10/9/13)--A measurement of small business owners' optimism dropped 0.2 points to 93.9 in September (The Business Journals Oct. 8).
The metric--based on a random survey of 773 members of the National Federation of Independent Businesses--reflects answers to a questionnaire circulated before the government shutdown.
Despite the dip, a number of key NFIB economic indicators have improved since the spring (Moody's Economy.com Oct 8). The NFIB optimism index, at 93.9, has increased since March, when it was at 89.5. The net percentage of respondents who planned to increase future employment in September also ticked upward since March--up to 9% from 0%. The net percentage of NFIB members who planned to increase future inventories was up to -2% in September, from -5% in March. And the net percentage of NFIB members who expected the economy to improve was at -10% in September, up from -28% in March.
But NFIB Chief Economist Bill Dunkelberg warned that the current dispute in Washington could see federation members' confidence in the economy plummet.
The NFIB is a conservative lobbying group based in Nashville, Tenn.