Small business spirits downcast in February

Category Business | Tuesday, March 9th, 2010

(Reuters) – Optimism among the country’s small businesses slipped in February as entrepreneurs worried about repeatedly weak sales, the National Federation of Independent Business said in a survey released on Tuesday.

The NFIB said its monthly small business optimism index dropped 1.3 points to 88.0 in February from January with the index below 90 for 17 straight months, and below 90 in all but four months since January 2008.

“Credit access is not a major factor holding up economic growth, at least the kind of growth we want,” said William Dunkelberg, chief economist for NFIB.

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