This is not a market-moving report. The data is basically in line with expectations.
The agency said: “The NFIB Small Business Optimism Index declined 0.6
points in October to 98.2 but remained above its 52-year average of 98.
The Uncertainty Index fell 12 points from September to 88, the lowest
reading of this year.”
Bill Dunkelberg, NFIB Chief Economist, added: “Optimism among small businesses declined slightly in October as owners
report lower sales and reduced profits. Additionally, many firms are
still navigating a labor shortage and want to hire but are having
difficulty doing so, with labor quality being the top issue for Main
Street.”
This article was written by Giuseppe Dellamotta at investinglive.com.