Tag

NFIB Small Business Optimism Index Archives - Shopfloor

NFIB: Small Business Optimism Eased in December but Remained Highly Elevated in 2017

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business reported that the Small Business Optimism Index declined from 107.5 in November to 104.9 in December. November’s reading was not far from the record high in July 1983 (108.0). Note that readings above 100 are consistent with strong growth among small business owners, and the robust data seen for much of the past year would suggest a healthy economic outlook overall. Indeed, the headline index, which averaged 95.3 in 2016, jumped to an average of 104.9 in 2017, consistent with the December figure.   Read More

NFIB: Small Business Optimism Not Far from the Record High Seen in July 1983

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business reported that the Small Business Optimism Index jumped from 103.8 in October to 107.5 in November. This was the highest level since the monthly series began in 1986 and not far from the record high in July 1983 (108.0). Note that readings above 100 are consistent with strong growth among small business owners, and the robust data seen for much of the past year would suggest a healthy economic outlook overall. Through the first 11 months of 2017, the headline index has averaged 104.8, up from 94.3 in the same time frame in 2016. In addition, the percentage of respondents suggesting the next three months would be a “good time to expand” rose from 23 percent to 27 percent, and the net percentage feeling that sales would be higher over the next three months increased from 21 percent to 34 percent. Read More

NFIB: August Small Business Optimism Index Rose to Its Highest Level in Six Months

By | Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that the Small Business Optimism Index edged up from 105.2 in July to 105.3 in August, its highest level since February. The headline index has rebounded from June’s 103.6 pace, which was a post-election low—albeit one that still represented a highly positive outlook. Overall confidence remained not far from January’s assessment (105.9), with was a 12-year high. To illustrate the boost in optimism seen over the past 12 months, the headline index stood at 94.4 one year ago. Along those lines, the percentage of respondents suggesting that the next three months would be a “good time to expand” increased from 23 percent to 27 percent. In August 2016, just 9 percent said the same thing. Read More

NFIB: Small Business Optimism Index Rebounded in July to a Five-Month High

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business reported that the Small Business Optimism Index rebounded, up from 103.6 in June to 105.2 in July. The previous reading had been a post-election low—albeit one that still represented a highly positive outlook—and the new one was the highest since February. Overall confidence remained not far from January’s assessment (105.9), which was a 12-year high. To illustrate the boost in optimism across the past 12 months, the headline index stood at 94.6 one year ago. Along those lines, the percentage of respondents suggesting that the next three months would be a “good time to expand” increased from 21 percent to 23 percent. In July 2016, just 8 percent said the same thing. Read More

NFIB: Small Business Optimism Slipped in June but Remained Elevated

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that the outlook among small business owners slipped in June, even as it remained elevated. The Small Business Optimism Index dropped from 104.5 in May to 103.6 in June. While sentiment has eased from January’s 105.9 reading, which was a 12-year high, small firm leaders continue to express confidence in their overall economic outlook. In the first half of 2017, the headline index has averaged 104.8, well above the 93.6 average seen in the first half of 2016 and illustrating the uptick in optimism seen since November. Yet, much of the improvement in the economic outlook is based on expectations that pro-growth policies will get enacted, and on that note, the NFIB warned, “More substantial progress is needed on these major issues if owner optimism is to be sustained….” Read More

NFIB: Small Business Optimism Index Was Flat in May, Remaining Highly Elevated

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that the Small Business Optimism Index was flat in May, remaining at 104.5 for the second month. Sentiment among owners has remained highly elevated over the course of the past six months despite easing from January’s 105.9 reading, which was a 12-year high. Over that six-month period, the headline index has averaged 105.1. For comparison purposes, the index was 93.8 one year ago, illustrating the sizable uptick in confidence among small business leaders since November. Along those lines, the percentage of respondents suggesting that the next three months would be a “good time to expand” edged down from 24 percent to 23 percent, which was the average seen over the past six months. In May 2016, just 9 percent said the same thing. Read More

NFIB: Small Business Owners Remained Very Upbeat in April Despite Some Easing in Confidence

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that sentiment among small business owners in April remained near the 12-year high seen in January even as it has eased a little since then. The Small Business Optimism Index edged down from 104.7 in March to 104.5 in April. While lower than the 105.9 reading recorded in January, it is clear that owners continue to be quite optimistic since the election. Over the past five months, the headline index has averaged 105.2, illustrating the sizable uptick in confidence observed since the election. One year ago, the index was 93.6. Along those lines, the percentage of respondents suggesting that the next three months would be a “good time to expand” increased from 22 in March to 24 in April. This was down from 25 percent in January but well above the 8 percent who said the same thing in April 2016. Read More

Share