Confidence among America’s small-business owners has slipped since April, according to the latest CNBC/SurveyMonkey Small Business Survey, released Monday. The survey revealed the attitudes of 2,282 small-business owners nationwide across a wide spectrum of industries.
The survey’s Small Business Confidence Index fell from 60 in the second quarter to 57 in the third quarter. The index is calculated on a scale from 0–100 and is based on the responses to eight survey questions. A zero indicates no confidence, and a score of 100 indicates perfect confidence. An index value of 57 means that business owners on the whole are more optimistic than they are pessimistic about the direction their business will head over the next 12 months.
The slight dip in confidence is the result of sharp decreases in the number of small-business owners who are optimistic about the impact of changes in tax, trade, regulatory and immigration policy over the next 12 months.