Small-business optimism on the wane

NFIB reported Tuesday that the July optimism index fell to 89.9, down 0.9 points from June. In all, the index has fallen five consecutive months after reaching 94.5 in February, its highest point since late 2007.

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According to the index, which surveyed 1,817 NFIB members, 2 percent of small-business owners currently plan to add new jobs.

The group also found that more small businesses are seeing their sales trend down than up. But, NFIB added, the figures for actual sales changes were actually at close to their highest point over the last three-plus years.