Small Business Owners Get More Upbeat About Post-Election Outlook

Small businessNEW YORK -- Small business owners are getting a little more optimistic about how their companies will do after the election, according to a survey released Tuesday.

The National Federation of Independent Business says owners it surveyed last month expect their companies' sales and overall business conditions to pick up after the election and the end of the year.

That brighter outlook helped lift the NFIB's small business optimism index by 1.7 point in August to 92.9. The NFIB, which lobbies on behalf of small business owners, compiled the index from its survey of 736 of its members.

Many business owners have refrained from hiring or expanding their companies not only because of the economy, but also because of the uncertainty over the presidential election.

The survey still shows that business owners have a generally dim view of the current economy, said William Dunkelberg, the NFIB's chief economist. "There is too much uncertainty to make major financial commitments," he said. Dunkelberg called the August index "another solid recession reading."

But the number of owners who said they expect to create new jobs rose 5 percentage points from July to 10 percent. While the reading is low, the increase was significant.

The number of owners expecting their sales to improve also rose 5 percentage points to 1 percent, erasing a negative reading in July but still weak. The number of owners who expect business conditions to improve in six months rose 6 percentage points, although that reading remained negative at 2 percent.

Nearly a quarter of the owners, 24 percent, said they plan to make capital expenditures in the next three to six months, up 3 percentage points. Capital expenditures include purchases such as vehicles, equipment and real estate and also include improving or expanding buildings and facilities.

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iocrealty

How many cry babies are there on this board ready to commit masochism with their business because Obama being reelected?

September 12 2012 at 12:58 PM Report abuse -1 rate up rate down Reply
2 replies to iocrealty's comment
chris1011

Me and my fellow manufacturing execs are doing fine. We really don't care who is president, makes no difference to our outlook. Our main focus is on beating China - making better quality products that the Chinese are not making.

September 12 2012 at 1:36 PM Report abuse -1 rate up rate down Reply
super

only the ones who feel they are being exploited by this nutbag in the WH why do you ask?

September 12 2012 at 3:29 PM Report abuse -1 rate up rate down Reply
super

the upbeat is due to the fact we expect 0bama to be defeated NO OTHER REASON.

September 12 2012 at 11:04 AM Report abuse +1 rate up rate down Reply
1 reply to super's comment
chris1011

I think the upbeat might be that perhaps the American people will wake up and boot out the Tea Party congress people that did nothing but obstruct for the last couple years. Perhaps then the nation can move forward. If they get re-elected to congress, the average American is in a heap of trouble. Those of us at the top will not rescue you, we'll look to the larger world for our profits.

September 12 2012 at 1:40 PM Report abuse rate up rate down Reply
juanita y david

The real unemployment rate is 12 to 15%

September 12 2012 at 8:55 AM Report abuse +1 rate up rate down Reply
juanita y david

If Obama wins I will be shutting down my business and retireing. Another 235 people out of work!

September 12 2012 at 8:38 AM Report abuse +3 rate up rate down Reply
COMMON SENSE

Obama (and congressional Democrats’) insistence on higher net taxes which we all know is a job-killer in several ways: Higher taxes prevent businesses from expanding and deter consumers from spending. FACT!!

A lot of international businesses with headquarters in the US make a lot of money in other countries, and they're leaving it there. Trillions of dollars. Everybody would love for the corporations to bring that money back home. The reason they're not is that the Tax Rate Is 35%. Highest in the World. It makes no business sense. Businesses are leaving America.

Liberals have this disgusting habit of blaming everyone but the person responsible. They are trying to shift the blame for their stupidity.

Yes you have a great ideal With Obama. BUT> What has happen to your common sense?

September 12 2012 at 8:01 AM Report abuse -1 rate up rate down Reply
o2monthsocrapleft

AMERICA IS "STILL" IN THE MUSLIM CLOWNS "GREAT RECESSION TODAY WITH HIS "RECORD UNEMPLOYMENT" FOR THE LAST 42 MONTHS . !

September 12 2012 at 6:12 AM Report abuse +5 rate up rate down Reply
1 reply to o2monthsocrapleft's comment
Practical Nomad

I'll email you and remind you to watch Romney's concession speech. 51 months for President Obama, and the end of that idiot Romney and puppet Ryan. OBAMA/BIDEN - 2012

September 12 2012 at 7:11 AM Report abuse -5 rate up rate down Reply
1 reply to Practical Nomad's comment
super

idiot

September 12 2012 at 11:08 AM Report abuse rate up rate down
itala2

Things have improved,albeit slowly.Maybe if the jobs bill would have not been filibistered things might be better. I see most businesses,including mine, doing way better than a year ago............not to mention 4 years ago.Am optimistic that if we can manage not too go back to what was before and got us in this mess in the first place,that we will continue on a steady growth from the largest recession since the great depression. Considering the massive obstavles that have been placed on the road to recovery for political interest, it is miraculous that we are getting there and the most encouraging numbers are about how many manufacturing jobs are returning to the US

September 12 2012 at 12:50 AM Report abuse -3 rate up rate down Reply
Condley

B.S.

September 12 2012 at 12:07 AM Report abuse +2 rate up rate down Reply
maa2626

how about that budget that has not been passed in three years. business people really LIKE and RESPECT that brand of leadership out of DC. hogwash from obamapuff post.

September 11 2012 at 9:52 PM Report abuse -4 rate up rate down Reply
1 reply to maa2626's comment
o2monthsocrapleft

OBAMYS LYIN~~WE VOTING FOR ROMNEY / RYAN . !

September 12 2012 at 6:25 AM Report abuse +4 rate up rate down Reply
1 reply to o2monthsocrapleft's comment
Practical Nomad

Do you know how, to vote that is? You're totally clueless about everything else, but maybe if you concentrate real hard, and if someone drives you, you might be able to handle the vote.

September 12 2012 at 7:14 AM Report abuse +1 rate up rate down
teltech544

Any business should wary of post election economics. No one knows who is going to win the election. Personally I think we are going to have 4 more years of hoping for change.

September 11 2012 at 8:58 PM Report abuse -2 rate up rate down Reply