Tag

NFIB Small Business Optimism Index

NFIB: Small Business Optimism Soared in December to its Highest Reading in 12 Years

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that sentiment among small business owners soared in December to its highest reading in 12 years. The Small Business Optimism Index increased from 98.4 in November to 105.8 in December. Respondents have responded quite positively in the aftermath of the election, hoping that the new Administration will bring about needed changes on the tax and regulatory front. Beyond the headline number, there were also significant jumps in the underlying data. For instance, the percentage of respondents suggesting that the next three months would be a “good time to expand” leapt from 11 percent to 23 percent, its fastest pace since the Great Recession. In addition, the percentage expecting sales to increase over the next three months rocketed from 1 percent in October to 31 percent in December, the largest level since October 2005. Read More

NFIB: Small Business Optimism Jumped in November Post-Election

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business reported that sentiment among small business owners jumped in November post-election. The Small Business Optimism Index increased from 94.9 in October to 98.4 in November, its highest level since reaching a post-recessionary high of 100.3 in December 2014. As noted in the commentary, small business owners in this survey were hopeful for better tax and regulatory policies as a result of the election, boosting overall sentiment. This can be seen in the data as well. The percentage of respondents suggesting that the next three months would be a “good time to expand” increased from 9 percent to 11 percent, a 12-month high. In addition, the percentage expecting sales to increase over the next three months soared from 1 percent to 11 percent, the largest level since March 2015. Read More

NFIB: Small Business Optimism Edged Marginally Higher in October, but Caution Remained

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that sentiment among small business owners edged marginally higher in October. The Small Business Optimism Index increased from 94.1 in September to 94.9 in October, its highest level year-to-date but subdued relative to what we might prefer. The headline index has averaged 94.5 over the past five months, representing some progress after falling to a two-year low in March (92.6). It was down from 96.0 one year ago, however, and small firms continue to be cautious in their economic outlook. The Optimism Index has remained below 100, the threshold which would suggest more-robust growth in the sector, for 22 straight months. Read More

NFIB: Small Business Sentiment Was Mostly Stable in August

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that sentiment among small business owners was mostly stable in August. The Small Business Optimism Index edged down from 94.6 in July to 94.4 in August, hovering around 94.5 for the third straight month and generally improving since achieving a two-year low in March (92.6). Nonetheless, small firms continue to be cautious in their economic outlook, with the headline number remaining below 100, the threshold which would suggest more-robust growth in the sector. Indeed, the underlying data points for August provided a mixed message even while the longer-term trend indicates a mild degree of progress. Read More

NFIB: Small Business Sentiment Ticked Higher Again in July

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that sentiment among small business owners ticked higher in in July. The Small Business Optimism Index rose marginally from 94.5 in June to 94.6 in July, its highest level since December. It marked some continued improvement from March’s two-year low in optimism, even as small firms continue to be concerned about the overall economic outlook. As a sign of this caution, the percentage suggesting that the next three months would be a “good time to expand” remained unchanged at 8 percent, down from 10 percent in January and 12 percent one year ago, with economic conditions and the political climate cited by those saying that it would not be a good time for expansion. Read More

NFIB: Small Business Sentiment Edged Up to Its Highest Point since December in June

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that sentiment among small business owners edged slightly higher in June. The Small Business Optimism Index increased from 93.8 in May to 94.5 in June, its highest level since December. It marked some continued improvement from March’s two-year low in optimism, even as small firms continue to be concerned about the overall economic outlook. As a sign of this caution, the percentage suggesting that the next three months would be a “good time to expand” inched down from 9 percent to 8 percent, with economic conditions and the political climate cited by those saying that it would not be a good time for expansion. Read More

NFIB: Small Business Sentiment Edged Slightly Higher in May

By | Economy, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that sentiment among small business owners edged slightly higher in May. The Small Business Optimism Index increased from 93.6 in April to 93.8 in May, its highest level since January. It marked some improvement from March’s two-year low in optimism, even as small firms continue to be concerned about the overall economic outlook. On this latter point, the headline index has remained below 100 – the threshold at which we would say that the sector was growing more strongly – since December 2014. Indeed, demand has been soft for small businesses, with the net percentage reporting higher sales in the last three months dropping from -6 percent to -8 percent. Looking ahead, the net percentage expecting sales to increase in the next three months was unchanged at 1 percent. Read More

NFIB: Small Business Optimism Edged Slightly Higher for the Third Straight Month

By | Economy, General, Shopfloor Economics | No Comments

The National Federation of Independent Business (NFIB) said that optimism edged slightly higher for the third straight month. The Small Business Optimism Index rose from 95.9 in August to 96.1 in September, its highest level since May and representing some progress from the 94.1 reading observed in June. Yet, it is also clear that small business owners remain anxious about the economy, with index valued under 100 typically coinciding with softer economic growth. Along those lines, the net percentage of respondents expecting sales to increase over the next three months declined from 7 percent to 1 percent, its lowest reading since March 2013. The labor market data were also weaker. The net percentage increasing employment over the last three months declined from 10 percent to 5 percent, with expected hiring over the next three months down marginally from 13 percent to 12 percent. Read More

NFIB: Small Business Optimism Edged Marginally Higher in August

By | General | No Comments

The National Federation of Independent Business (NFIB) said that optimism edged marginally higher in August, with sentiment still lower than seen earlier in the year. The Small Business Optimism Index rose from 95.4 in July to 95.9 in August, but remained down from 98.3 in May, its peak so far this year. Index values under 100 usually coincide with softer economic growth for small firms. This suggests that small business owners remain anxious about the economy. The percentage of respondents saying that the next three months were a “good time to expand” declined from 12 percent to 10 percent, with economic conditions and the political climate weighing heavily on the minds of those suggesting that it was not a good time for expansion. On the positive side, the headline index has averaged 96.5 year-to-date, up slightly from the 95.6 average observed in all of last year. Read More

NFIB: Small Business Optimism Increased a Little in July, with Owners Still Somewhat Anxious

By | Economy | No Comments

The National Federation of Independent Business (NFIB) said that optimism increased a little in July, partially rebounding from the decline seen in June. The Small Business Optimism Index rose from 94.1 in June to 95.4 in July, but this figure remains below the 98.3 registered in May. As such, the data pointed to progress for the month, even as it continued to highlight nagging anxieties about the economy. Index values under 100 usually coincide with softer economic growth for small firms. On the positive side, the percentage of respondents saying that it was a “good time to expand” jumped from 9 percent to 12 percent for the month, which, while encouraging, remained somewhat below the 16 percent observed in December. Economic conditions and the political climate cited as the top concerns for those suggesting that was not the right time for expansion. Read More