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Small business optimism slipped in September to 97.9
The NFIB index fell 0.8 points, with the net share expecting the economy to improve dropping 4 points to 6% and quality of labor concerns topping business owners at 26%.
Action Forex reports that the NFIB’s Small Business Optimism Index fell 0.8 points to 97.9 in September, undershooting consensus expectations for a more gradual decline to 98.2.
The outlet said six of the ten subcomponents improved during the month, while three deteriorated and one stayed flat, led by a 4-point drop in the net share of firms expecting the economy to improve to 6%.
Action Forex added that firms reporting a good time to expand fell 5 points to 7%, while the net share expecting higher real sales rose 3 points to 9%.
The outlet also noted quality of labor concerns remained the most cited problem, with 26% of owners naming it, and unfilled job vacancies fell 3 points to 32%.