Today the National Federation of Independent Business – NFIB – reported its December small business optimism index fell for the second month from 0.3 point to 88.0.
According to the Federation, weak sales through the end of the year of 2009 caused small business owners to be less optimistic about 2010. The are not hiring, or restocking, nor spending, and many are having to liquidate their inventories
Small business owners with plans to make capital expenditures over the next couple of months rose only two points to 18 percent. This is just two points above the 35-year record low. Only 7 percent of those surveyed believe this is a good time to expand facilities, which since November is down 1 point. 92 percent of those small business owners surveyed were not interested in borrowing.
The NFIB didn’t ask if anyone of these small business are using invoice factoring to make ends meet.
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