SMBs Fear Sales Pinch Post-Shutdown

The National Federation of Independent Business’ (NFIB) Small Business Optimism Index for October slipped to its lowest level since March 2013, Reuters reported on November 12.

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    The NFIB stated that SMBs are pessimistic about future sales prospects following the federal government’s 16-day shutdown. The index declined 2.3 points to a value of 91.6, Reuters reported.

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    “Since the Washington paralysis could hardly be good news, it would be expected that the optimism measures would deteriorate, and they did,” the NFIB said in a statement. “Uncertainty is the enemy of economic growth.”

    To learn more about the details of the NFIB index, read the full story here.

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