- Prior 96.6
NFIB SME index 08 07 2014
As you can see only two components gained on the month, job openings and hiring expectations. That’s good in itself as it adds to the strong growth in the jobs market. Optimism is slipping though planned investments and expectations of higher sales. Even with capex intentions falling 54% of firms reported outlays
Taxes, government regs & red tape and poor sales were the top three gripes in June. interest rates, labour costs and inflation were least important.
NFIB SME factors 08 07 2014
I do love these types of reports as although they are not market moving they do give us a clue about the sentiment at the soup and nuts end of economies. They can be a very good sentiment indicator to guide what we see in the larger data points.
Full report here
