Small business hopes rebounded in September as the National Federation of Independent Business Small-Business Optimism Index rose 3.5 points to a more normal level of 99.4.
"This confirms the slowdown in the economy anticipated in the July survey -- down, but not out," said NFIB Chief Economist William Dunkelberg.
The Index, bouncing back to near its 30-year average, was lifted by positive movement among six components including the outlook for an improved economy, favorable earnings and higher sales. Inflation pressure also eased.
Small business owners surveyed continue to plan on supporting jobs in the economy. Job creation plans held firm at this survey's near-record levels from August. They also plan to spend on capital, which is a very good sign compared to previous months. They are still concerned over inventory levels, as signal that they are still somewhat cautious.
