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Small Business Optimism Index Decreased in August

CR Note: Most of this survey is noise, but there is some information, especially on the labor market and the “Single Most Important Problem”.

From the National Federation of Independent Business (NFIB): August 2019 Report: Small Business Optimism Index

The NFIB Small Business Optimism Index fell 1.6 points to 103.1, remaining within the top 15 percent of readings. Overall, August was a good month for small business. However, optimism slipped because fewer owners said they expect better business conditions and real sales volumes in the coming months.
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Job creation picked up in August, with an average addition of 0.19 workers per firm compared to 0.12 in July. Finding qualified workers is becoming more and more difficult with a record 27 percent reporting finding qualified workers as their number one problem (up 1 point).
emphasis added

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