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Purveyor

(29,876 posts) Tue Dec 8, 2015, 01:38 PM Dec 2015

Small-Business Owners'' Confidence Turns Lower in November, NFIB says

Source: Dow Jones Business News

Small-business owners turned less confident about their economic prospects last month, pointing to slower sales and growing inventories as consumers spend more cautiously.

The National Federation of Independent Business's small-business optimism index, based on a survey of about 600 owners, slipped to 94.8 in November from 96.1 in October. The decline came after the gauge held steady to modestly higher in recent months, though it has remained below the long-term average reading of 98 since May.

Six of the index's 10 components fell from October, paced by a decline in a measure of sales.

Recent data show U.S. consumers have grown increasingly cautious, a potential drag on economic growth during the final months of the year. U.S. households increased their personal spending a tepid 0.1% in October from a month earlier, the Commerce Department said in late November, and a report Monday showed Americans added to their debt at a slower pace in October

Read more: http://www.nasdaq.com/article/smallbusiness-owners-confidence-turns-lower-in-november-nfib-says-20151208-00144

6 replies

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Small-Business Owners'' Confidence Turns Lower in November, NFIB says (Original Post) Purveyor Dec 2015 OP

As long as the powers-that-be think that 2.25% annual raises is good economics. forest444 Dec 2015 #1

Alot of the problem is that both small and big businesses forget that their own employees are also cstanleytech Dec 2015 #2

A person has to wonder at the logic of business owners who think rurallib Dec 2015 #5

I know, it just doesnt make sense because really what they are doing is just screwing cstanleytech Dec 2015 #6

NFIB is wholly composed of hardcore conservatives. byronius Dec 2015 #3

Also, it is, what, a 1-point change? wildeyed Dec 2015 #4

forest444

(5,902 posts)

1. As long as the powers-that-be think that 2.25% annual raises is good economics.

Reply to Purveyor (Original post)

Tue Dec 8, 2015, 01:39 PM

Dec 2015

The economy will always wobble between low-gear recoveries and outright recessions.

cstanleytech

(26,337 posts)

2. Alot of the problem is that both small and big businesses forget that their own employees are also

Reply to Purveyor (Original post)

Tue Dec 8, 2015, 01:56 PM

Dec 2015

consumers and if they keep paying their employees poorly their employees cannot buy shit.
Oh sure it worked for awhile when their employees could get credit but the age of easy and cheap credit is over.

rurallib

(62,465 posts)

5. A person has to wonder at the logic of business owners who think

Reply to cstanleytech (Reply #2)

Tue Dec 8, 2015, 02:12 PM

Dec 2015

that even though consumers barely make enough money to survive, they will still be buying anything extra without a raise.

cstanleytech

(26,337 posts)

6. I know, it just doesnt make sense because really what they are doing is just screwing

Reply to rurallib (Reply #5)

Tue Dec 8, 2015, 06:58 PM

Dec 2015

themselves, their children and their children's children in the long run.

byronius

(7,402 posts)

3. NFIB is wholly composed of hardcore conservatives.

Reply to Purveyor (Original post)

Tue Dec 8, 2015, 02:00 PM

Dec 2015

I wouldn't trust a word they say. Got pitched to join them once -- looked them over and was shocked at what I found.

Ugly bunch.

wildeyed

(11,243 posts)

4. Also, it is, what, a 1-point change?

Reply to byronius (Reply #3)

Tue Dec 8, 2015, 02:07 PM

Dec 2015

What is the margin of error? They don't say, but almost certainly more that 2-points. That is not even statistically significant. And it almost certainly has to do with the fact that the fed is getting ready to raise rates if there is a change.

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