Small-business owners' confidence was virtually flat in December, as entrepreneurs still expect business conditions to worsen in the next six months.
That's the finding of a survey by the National Federation of Independent Business. The group said Tuesday that its small-business optimism index crept up 0.5 point to 88 points in December 2012 from 87.5 points in November. The December reading is the second lowest since March 2010. (Read more: November Small-Business Sentiment Nearly Flat)
While a fiscal deal was reached earlier this month on tax increases and spending cuts, benefits remain elusive for much of Main Street.
"The eleventh hour 'deal' has brought marginal certainty about tax rates and extenders and will provide some relief to owners, but it certainly doesn't guarantee a more positive forecast for the economy," NFIB Chief Economist William Dunkelberg said in a prepared statement. (Read More: Amid 'Fiscal Cliff' Stalemate, Main Street Deteriorates)