In what may be a reaction to Nancy Pelosi’s Democrats winning control of the House of Representative in November, small businesses’ outlook for the future has declined sharply. Patrick Thomas reports for The Wall Street Journal:
Optimism among small-business owners fell slightly in November for the third straight month, mainly due to concerns about slower economic growth and moderating expectations for sales, according to a survey from the National Federation of Independent Business.
The NFIB Small Business Optimism Index had a November reading of 104.8, down 2.6 points from the prior month. The index reading reached its lowest level since April, the trade group said Tuesday.
The NFIB said it expects solid economic growth in the fourth quarter but that growth appears to have peaked and will continue to slow moving into 2019.
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