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The
National Federation of Independent Business said its Small
Business Optimism Index was steady at 96.1 last month.
"Although the labor market components posted minor declines,
they held at historically strong levels, but this time owners
reported no net growth in employment, a significant decline from
reports in the previous four months," the NFIB said.
Four of the 10 components of the index, including the share of
owners planning to make capital outlays in the next three to six
months, edged up one point. The share of small businesses
expecting higher real sales rose three points after having
fallen six points in September.
Two components were unchanged while three fell, including the
share of owners creating new jobs and those planning to increase
inventories.
The U.S. government said last week payrolls outside the farm
sector rose 271,000 in October, the largest increase in 10
months.
The NFIB report showed inflation pressures remained muted, with
only a net 2 percent of owners raising their selling prices, up
one point from September.
"This is bad news for the Federal Reserve which is trying to
stoke the flames of inflation in order to prevent deflation from
setting in. For the rest of us, low inflation is good news," the
NFIB said.
(Reporting by Andrea Ricci; Editing by Paul Simao)
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