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.