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FOXBusiness.com’s Kate Rogers on two different small-business optimism indexes ahead of next month’s election.
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Let's kick it off with Fox Business.
Dot com Kate Rogers tell -- about two small business surveys that are showing conflicting pictures of the economy has its confidence level out there -- tells the exact.
So election is about four weeks away yes daily got two reports from -- different small business advocacy groups and they have very different.
Results on how optimistic are orange -- are feeling.
So the first one is -- National Federation of Independent Businesses -- September optimism index and that's the index -- We always talk about on the show.
And it's still starkly in recession territory and it fell.
Point.
Point one point sell it's she 92 point eat and what's even worse is that job creation plans actually fell six points so that is not so they're not hiring and are also not buying new equipment which is -- -- the factories in the manufacturing sector now.
Definitely not good news the good dumb you know the bright side of this was that the outlook for expansion in the next six months gained three points -- and also those business owners who feel that things after the elections exactly one improve in the next three months also gained two points OK that's all -- and this is based on about 700 small business owners who are part of -- -- membership.
And a small businesses getting.
Any business under 500 yeah exactly that's see down an important distinction with full of these surveys is that -- NFIB they go by the SBA the Small Business Administration.
Their standards for what a small businesses and that's 500 employees -- -- -- now onto our next survey which says that.
Country -- a feeling a lot more optimistic than what the NFIB says this is from the national association.
For self employed.
And also the small business majority flag and they surveyed business owners with specifically ten employees or -- -- really.
Yes those are my nano and micro business is exactly and they found.
That more than 50% of them said that the increase their revenues in the past two years and that another 50% of them plan to hire within the next two years -- visiting back and tears out right so there.
Very bullish yet telling followers whereas the media and by the numbers we don't know some not so much OK so you know that's interest and one more important stack from that second survey from the small business majority.
They said that those who are forty or under are even more optimistic about 67% of -- say that they're doing well right now and I guess to life.
They didn't specify as to why but.
I mean that he's only factors that go into it is each group look at the same pool the same number of businesses about 700 yes about any other thing NFIB and -- it was just under 500 for the second survey of some pretty pretty -- yeah pretty big but then you know -- -- business side that really and -- -- into.
What they're feeling and thinking -- now.
Well let's hope that -- -- second set.
And it is right yes and we definitely are more optimistic going but I hope since -- run this year went your article up on Fox Business downtown now.
-- wants more information.
Some hints for small businesses out there on on the status of small businesses across the nation -- September wasn't.
Such a great -- now it'll be interesting to see post election -- appealing to get down for the past five months I was not good -- and yes.
But it only 2728.
Days for the election you know we -- -- yesterday sound crazy NASDAQ and you gonna go to.
