Tuesday, March 9, 2010

Small Business Outlook Subdued

Marketwatch details (hat tip Calculated Risk)

An index measuring small-business optimism fell 1.3 points to 88.0 in February, erasing January's gain, according to a monthly survey released Tuesday by the National Association of Independent businesses. The index is far below its average, but has gained from 81.0 in March 2009, the second-lowest reading ever. Small businesses were cutting workers and prices in an effort to increase sales, the survey said. Fewer businesses reported problems getting credit, with 9% of firms saying they couldn't find the credit they need.

Source: NFIB

1 comment:

  1. I'd have to agree with that. My business was brutal in February. I'm hoping it was just credit card bills coming in from the holidays, but we'll see.