Small business owners are feeling less optimistic about the future than they have in two years, according to the National Federation of Independent Business’ Index of Small Business Optimism.
In the February survey, six of the 10 indices declined while four were unchanged. The survey looks at firms’ plans to increase employment and make capital outlays and whether they expect the economy to improve.
The overall Index dropped 1 point to 92.9, well below the 42-year average of 98.
State-specific data isn’t available, but Dawn Starns, state director of NFIB/Louisiana, said the national trends are reflected here.
“You’re not going to expand or add jobs if you worried about where things are headed,” she said. “I think the survey numbers reflect a great deal of uncertainty about the economy.”