NFIB: US Dec Small-Business Optimism Index Rises to 93.8
January 10 2012 - 8:00AM
Dow Jones News
Small-business-owner confidence increased again in December,
according to data released Tuesday.
The National Federation of Independent Business's small-business
optimism index rose 1.8 points to 93.8 last month from 92.0 in
November.
It was the fourth consecutive increase.
Despite the recent gains, "the level of the index is consistent
with weak growth," said the NFIB which also pointed out the index
is close to recessionary readings.
"About half of the gain was due to reduced concerns about
business conditions 6 months ahead and improved expectations for
real sales gains," said the NFIB report.
The subindex of expected business conditions in the next six
months rose 4 percentage points to -8% in December, and the
expected higher real sales subindex increased increased 5 points to
9%.
The new-jobs subindex fell 1 point to 6%. Last week, the NFIB
said the net change in employment per firm turned negative again
last month. Small businesses lost an average 0.15 worker per
firm.
The earnings trend subindex jumped 6 points but remained in
negative territory, at -22% last month.
Weak sales have prevented business owners from raising prices.
On a seasonally-adjusted basis, the net percentage of business
owners raising selling prices was unchanged in December, at a zero
reading.
-By Kathleen Madigan, Dow Jones Newswires; 212-416-2466;
kathleen.madigan@dowjones.com
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