Small Business Owners in ‘Holding Pattern’: Survey

If there is one thing for certain among small business owners, it’s that the amount of uncertainty they are facing has made it difficult for them to make decisions on spending and jobs.

That’s evident in the results of the National Federation of Independent Business’ latest Small Business Optimism Index, released Tuesday. While the Index fell by 0.1 points, leaving it basically unchanged from April, the various components tell a tale of business owners unsure of many economic factors which would prompt them to invest in inventory and hiring.

“There is so much that is not known,” said William Dunkelberg, chief economist for the NFIB and keeper of the organization’s Small Business Optimism Index. “For those who responded that it was a bad time to expand their business, one in four said it was because of the political situation — not knowing who would win the election. And that we won’t know until November.”

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