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.
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.
“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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