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NFIB Small Business Optimism Index Archives - Shopfloor

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

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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

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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

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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

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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

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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

NFIB: Small Business Owners Remained Very Upbeat in March

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The National Federation of Independent Business (NFIB) said that sentiment among small business owners in March 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 105.3 in February to 104.7 in March, which was not far from the 105.9 reading recorded in January. Over the past four months, the headline index has averaged 105.4, illustrating the sizable uptick in confidence observed since the election. One year ago, the index was 92.6. Along those lines, the percentage of respondents suggesting that the next three months would be a “good time to expand” was unchanged at 22 percent in March. This was down from 25 percent in January but well above the 6 percent who said the same thing in March 2016. Read More

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

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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

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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

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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

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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