• Even with the decline last month, the index finished 2019 above the two-year low of 101.2 it posted at the start of last year, indicating small companies remain upbeat about the economy’s prospects.
• The NFIB’s measures of economic expectations and sales expectations both improved in December.
• The report follows a mostly uneventful jobs report that implied economic growth was easing and raised concerns about wage growth stagnation.
• As reported last week, fewer small businesses said they plan to add to headcounts or boost capital spending.
• The group’s measure of earnings erased all of November’s 10-point gain, according to the report.
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