dearJulius.com

March Small Business Optimism Stalls on Weak Outlook for Economic Growth

Small business owners remain guarded in their outlook for the U.S. economy and for their own sales according to the monthly report from the National Federation of Independent Business.


By Paul Ausick, 24/7 Wall St.

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index ticked up from 101.7 in February to 101.8 in March. Last August the index reading of 108.8 was the highest in the 45-year history of the index. The consensus estimate from economists had called for the March index to remain unchanged.

The percentage of business owners who now expect the economy to improve in the next few months remained unchanged at 11% in March. The percentage who expect sales to rise over the same period added three points to come in at 19%. A year ago, nearly a third of business owners (32%) expected the economy to improve and 20% were expecting better sales.

Some 33% of small business owners reported raising employees' pay in the past three months. That’s up two points on a seasonally adjusted basis compared with February. Since December, net compensation projections are down four points to 20% following a two-point gain in March.

The four "hard" measures of the index posted mixed results last month. The month-over-month job creation component rose two points to 18%, the job openings component also rose two points to 39%, capital spending plans remained unchanged at 27% and plans to increase inventory investment fell two points to a negative 1%.

NFIB President and CEO Juanita Duggan commented:

Small business owners continue to create jobs, expand their operations, and are enjoying strong sales. Since Congress resolved the shutdown, uncertainty has declined as small business owners add jobs, increase sales, and invest in their businesses and employees.

NFIB Chief Economist Bill Dunkelberg added:

Owners are growing their businesses and expect that they can sell more if they can produce more with additional employees. Investment spending has been solid for the past two years and owners are choosing to invest in their workforce as well by creating new jobs and raising wages.

Some 39% of business owners reported job openings they couldn't fill, down by two points month over month. More than half (54%) reported few or no qualified applicants for available jobs, up five points compared to February's report. More than a fifth (21%) of business owners said finding qualified workers remains their single most important business problem. Taxes and government regulations were each named by 15% of business owners as their single most important problem.

COMMENTS





|Featured Content_$type=three$c=3$l=0$m=0$s=hide$rm=0

Name

Bills to Pay,35,Companies,2,Entrepreneurship,1,Featured,5,Insurance,5,Investing,12,Markets,11,Personal Finance,164,Real Estate,72,Retirement,10,Small Business,163,Taxes,7,Top Stocks,1,
ltr
item
Finance Magazine: March Small Business Optimism Stalls on Weak Outlook for Economic Growth
March Small Business Optimism Stalls on Weak Outlook for Economic Growth
Small business owners remain guarded in their outlook for the U.S. economy and for their own sales according to the monthly report from the National Federation of Independent Business.
https://4.bp.blogspot.com/-RovUa-BqjNk/XLGLWywmc4I/AAAAAAAAclY/PqU01FsBmKAsTnuM2u_X37MvEvDdWEGywCLcBGAs/s1600/March%2BSmall%2BBusiness%2BOptimism%2BStalls%2Bon%2BWeak%2BOutlook%2Bfor%2BEconomic%2BGrowth.jpg
https://4.bp.blogspot.com/-RovUa-BqjNk/XLGLWywmc4I/AAAAAAAAclY/PqU01FsBmKAsTnuM2u_X37MvEvDdWEGywCLcBGAs/s72-c/March%2BSmall%2BBusiness%2BOptimism%2BStalls%2Bon%2BWeak%2BOutlook%2Bfor%2BEconomic%2BGrowth.jpg
Finance Magazine
https://finance.dearjulius.com/2019/04/march-small-business-optimism-stalls-on-weak-outlook-for-economic-growth.html
https://finance.dearjulius.com/
https://finance.dearjulius.com/
https://finance.dearjulius.com/2019/04/march-small-business-optimism-stalls-on-weak-outlook-for-economic-growth.html
true
2765933497744639011
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy