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Small-business sentiment in January slumps to worst reading since Trump election

Steve Goldstein

The January small-business optimism index of the National Federation of Independent Business fell 3.2 points to a seasonally adjusted reading of 101.2, the worst reading since the election of President Donald Trump in Nov. 2016. The expectations components fell particularly sharply, with a 10 percentage point decline in those expecting the economy to improve. "Overall, the January data reveal a solid small business sector that has some increased concern about how uncertainties may resolve themselves later in the year," the report said.