Small business owners slightly more upbeat

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Associated Press

Posted on May 14, 2013 at 8:02 AM

Updated Tuesday, May 14 at 8:02 AM

NEW YORK (AP) — Small business owners were slightly more optimistic during April but are generally still cautious.

That's the finding of a survey released Tuesday by the National Federation of Independent Business. The NFIB's Index of Small Business Optimism rose 2.6 points to 92.1 last month, erasing a drop of 1.3 during March. The index was compiled from the survey of 1,873 NFIB members.

The index has averaged 90.7 since the recession, reflecting concerns about the economy and the potential impact of the health care law when it's fully implemented Jan. 1.

Many owners are pessimistic because their sales are weak. More owners said sales fell during the first quarter than those who reported sales rose.

And many owners still expect business conditions in six months to be weaker than they are today.

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