Economics
U.S. Small-Business Optimism Slumps to Seven-Month Low
- NFIB index falls 5.5 points on virus spread, policy concerns
- Nine of 10 components of small-business sentiment declined
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U.S. small-business optimism slumped in December to a seven-month low as Covid-19 infections spread at a record rate and governments tightened restrictions on activity.
The National Federation of Independent Business index of sentiment decreased by 5.5 points to 95.9, the group said Tuesday. The figure was weaker than the median projection of 100.2 in a Bloomberg survey of economists.