A dim outlook for sales among businesses has led to a five-month low in confidence, according to a report published by the National Federation of Independent Business.The gauge of business activity declined to 88 last month from 88.3 in November, the Washington-based organization reported today. The measure reached a 2009 low of 81 in March, second only to a 1980 reading as the lowest on record.

The report showed small companies, which accounted for six out of every 10 jobs created over the past 15 years, turned more pessimistic last month about the economy and building inventories. The figures signal President Barack Obama’s Dec. 8 proposal to give small companies tax credits to spur hiring did little to lift owners’ spirits.

Source: BusinessWeek