Thirty-one percent of owners plan capital outlays in the next few months, up three points and two points above the 48-year average.Ī net negative 4% of all owners reported higher nominal sales in the past three months, down seven points from September. ![]() Seven percent acquired new buildings or land for expansion and 12% spent money for new fixtures and furniture. Of those making expenditures, 40% reported spending on new equipment, 24% acquired vehicles, and 14% improved or expanded facilities. A net 32% plan to raise compensation in the next three months.įifty-six percent of owners reported capital outlays in the last six months, up three points from September. A net 44% of owners (seasonally adjusted) reported raising compensation, a 48-year record high reading. That indicator has declined 17 points over the past three months – and is now at its lowest level since November 2012.Īs reported in NFIB’s monthly jobs report, 49% of owners reported job openings that could not be filled, a decrease of two points from September. Add that to supply chain issues and that could equal a problem for Connecticut shoppers heading into the holiday season.”Īccording to the group’s latest report, small business owners expecting better business conditions over the next six months fell four points to a net negative 37%. “One of the biggest problems for our mom-and-pop shops is the inability to hire qualified workers to fill a number of open positions,” he added. “We are now more than a year and a half into the Covid-19 pandemic, and our small business owners have an overwhelming message - they are still uncertain about the future here in Connecticut,” said Andrew Markowski, NFIB State Director in Connecticut. One of the 10 Index components improved, seven declined, and two were unchanged. The NFIB Small Business Optimism Index decreased slightly in October by 0.9 points to 98.2.
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