Optimism among small business owners remained relatively
unchanged last month, but that's been the case for much of this
The latest monthly survey from the National Federation of
Independent Business shows that owner optimism rose 0.3 percent
in October, up to 93.1 percent.
Holly Wade, senior policy analyst for NFIB, tells OneNewsNow
that not much has changed as far as optimism ratings, but that the
circumstances surrounding the recent presidential election could
"We didn't see much change from September," she says. "The index
increased, but basically over the last year, we've kind of remained
in a narrow range between 90 and 94.5 percent. Uncertainty and weak
sales have played a major role in that."
While uncertainty over healthcare regulations has been an issue,
Wade says small businesses are waiting on the sidelines to see what
will happen with spending and other negotiations involving the
President Barack Obama met with labor leaders Tuesday, followed
by talks with business executives on Wednesday. Bipartisan talks
with congressional leaders are scheduled for Friday.
Meanwhile, Wade says the November survey could provide an even
better reading on optimism.
"We mail a sample of our membership at the beginning of each
month. The cutoff is the end of the month," she explains. "In the
November results, we'll be able to see what their sentiment was
like before the elections and then also after the elections to see
what changed, if anything."
NFIB will also be able to see how the Hurricane Sandy-affected
areas of the eastern seaboard compare to the rest of the