US Small-Business Optimism Falls to Lowest Level in a Decade
- NFIB index slid in April to 89 on dimmer view of outlook
- Capital spending dialed back on high rates, economic concerns
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US small-business sentiment fell in April to the lowest level in a decade, reflecting dimmer prospects for the economy and sales that are causing firms to dial back investment plans.
The National Federation of Independent Business optimism index decreased by 1.1 points to 89, the group said Tuesday. A gauge of owners’ sentiment about future business conditions slipped to a four-month low, while a measure of sales expectations was the weakest since August.