The Small Business Optimism Index lost 1.3 points in February, falling back to the December reading of 88.0 and landing only 7 points higher than the survey’s second-lowest reading reached in March 2009, reports the National Federation of Independent Business. (The index’s lowest reading was 80.1 in 1980.)
The persistence of Index readings below 90 is unprecedented since surveys were started in 1986.
Small business owners continue to cite poor sales as their top problem. The net percent of all owners (seasonally adjusted) reporting higher nominal sales in the past three months remained negative at negative 26 percent, unchanged from January’s reading.
And without sales: (more…)