Small businesses don't see recovery panning out: NFIB

U.S. small-business owners were more pessimistic in March than in February, according to a survey of companies released Tuesday by the National Federation of Independent Businesses.

The NFIB's index fell to an eight-month low of 86.8 from 88, with only one of 10 components improving. The index has been below 90 for 18 consecutive months now, having hit a cyclical low of 81 in March 2009.

"Something isn't sitting well with small-business owners," said Bill Dunkelberg, chief economist for the small-business lobbying group. "Poor sales and uncertainty continue to overwhelm any other good news about the economy."

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- Posted: 2010-04-13 10:04:27

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