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FOXBusiness.com’s Kate Rogers with the latest small-business optimism index from the National Federation of Independent Business.
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Our on that Kate Rogers is joining us.
First here at foxbusiness.com.
Fox Business the small business center and do very good job that that's being here and done just meeting bond right now my computer sat on him so for the better -- ago.
And we're talking about it earlier this week NFIB had their latest.
Optimism index out for August sinister.
Yet was finally -- so after.
Months and months of it being down our small business owners are definitely feeling a bit more optimistic the index -- one point seven points so it's up to.
92 point nine for the month of August and that's kind of in contrast to the -- jobs report that we got last -- yet doesn't make sense for not really any stock markets at a five year highs against the should house warm Fuzzy feelings about how.
Other than that it's very rare you see business yeah I'm optimist here and I think in the last blog definitely not going to last that's the thing build on -- he's chief economist for Indiana idea he says great we were up but.
It's definitely not relax it's too much political uncertainty from the November elections coming up so this bump isn't expected to last and so what's interesting is that in this report.
Capital expenditures are up 55%.
So what does that mean this -- our small businesses are spending on expanding -- facilities they're investing in new vehicles and new technology great but guess what they're not investing and hiring new people -- So where the jobs are always here where the jobs and they're not here they're not in this report so they're they're willing to spend a little bit of money.
Time it.
Those new investments but they're not -- to actually go out there and bring new people into their business and yet that's upsetting and it's they're probably not gonna do that until after the November I'm sure -- -- I actually met with the last month and what he was saying to me is that he isn't expecting any.
Real teens in this index as far as steady optimism increasing and hiring through next July oh well leading for an -- -- -- about uncertainty for.
One hour wrong times so every every month being you'll be happy and -- humanity and I yes meant power was out.
The staffing firm reacts -- -- -- out with survey on the same day the NFIB believes it's and they said companies are not planning to hire new workers in the holiday quarter which is really exciting because that is always nice bump yeah -- appointment and those numbers always thought the bit but in this survey so.
Hiring is essentially at zero because 12% of businesses said that they were adding an average of two point seven workers per firm a bank but 10% or firings -- an average of two point -- exactly so it's essentially at zero same thing happened with sales numbers out.
24% reported higher sales between 9% reported lower sales so it's a penny a little game -- -- -- we're getting one step forward two steps back exactly yes and has always our top three issues were attacks is with 23% of the vote.
Unnecessary regulations and red tape when 21% of the vote and sales again 20% brings us to the candidates so it's obvious at the end but -- -- -- the Republican candidate Mitt Romney -- ask don't endorse any mountain.
In national action so that we're not gonna see them actually come mountainside parent support -- I'm sure that some of the economists that work there any maybe some of the businesses that they represent.
Are likely more conservative but the F could be a lot of -- -- big small business advocacy groups they don't they don't -- -- -- exactly access -- their members could you know whoever they want but -- -- gonna take the position -- when did you regulation.
And over regulation -- nothing in -- -- -- thing of course and that's the freezing to -- that they asked ten questions of about 800 businesses that are in the membership in -- is that.
Survey that they come out so it's all -- -- freeze but -- -- -- always a top concern.
-- you know the September numbers should be interesting and in fact that we haven't said making their decision tomorrow -- whether he should keep interest rates at historic lows for another year so through 2015 that's -- and the possibility on the table -- even more money -- -- which -- -- stimulus but -- stimulus -- for the market well that could -- the -- increasing -- that you brought -- the -- -- of course some people are saying -- this is what the economy -- is just like -- really -- cool products for people are spending their money -- well -- -- -- -- from -- Defcon five -- -- -- -- currency world -- -- -- -- -- yeah -- didn't -- -- economists -- -- -- and said -- could -- GDP in the holiday -- would certainly -- three billion dollars -- policy.
And an aide Ed internationally says it's great that it's a products that could do that because it's made by.
American workers and an American company and its retail sales so will take it right I hope that Apple Store hired some extra employees for the holiday season into the living on small business -- now with cellular out of the small business know.
But apple shares by the way up a little bit today is about twenty bucks off -- all time high of 683 dollars it's scary that I know that the -- Rodgers thank you so much for joining hands you the article on foxbusiness.com.
Is out now its means and sees a boost an honest despite political uncertainty and the week.
-- All right we're gonna go to a break and.
