By Bernie Becker - 05/08/12 09:10 PM EDT
Bill Dunkelberg, the NFIB’s chief economist, also noted that there were more than a couple factors – the European debt crisis and soaring deficits, among them – that could remain a drag on business confidence.
“With the election six months away, the Index will signal how small firm owners see the economy’s future unfolding — and their outlook will be telling,” Dunkelberg said.
In addition to the strong sales and profits figures, the index also found gains for job openings and capital spending. NFIB also cautioned that small business owners may have to worry about inflation in the coming months.