But this is definitely a positive step, and seems to be part of a positive trend in the small business world. shortage are not easing, NFIB Chief Economist Bill Dunkelberg said. So they might be looking for just a bit more stability before making those big changes. The NFIB Small Business Optimism Index in the United States edged down to 93.1 in. Owners expecting better business conditions over the next six months declined 24 points to a net negative 16. Nine of the 10 Index components declined and only one improved. But many still aren’t willing to take on long-term spending commitments like hiring more employees. 12, 2021) The NFIB Small Business Optimism Index declined 5.5 points in December to 95.9, falling below the average Index value since 1973 of 98. Being willing to spend more is a good step. So it seems that the optimism among small business, while it still represents some progress, doesn’t mean small businesses are totally confident just yet. The job creation and job listings components of the index both fell in August, by one point and four points respectively. All this optimism doesn’t seem to be leading to a big increase in hiring. ![]() And all of that is a good sign for the economy, since small businesses make up such a large part of the GDP and employ so many people.īut it’s not all great news as far as small businesses are concerned. The more small businesses spend, the more opportunities they give themselves for growth. Of course, all of this is good news for small businesses and the economy as a whole. This story has been updated to reflect that the NFIB small business optimism index fell to 105.3. The amount of businesses saying that it’s a good time to expand also increased by four points in August. Stock index futures fall as oil prices slide. According to the index, plans to increase capital spending jumped by four points between July and August from 28 percent to 32, which is also the highest mark since the recession. That optimism has led to an increase in capital spending plans for small businesses. More specifically, the NFIB Small Business Optimism Index rose by 0.1 points in August to a total of 105.3, which is the highest it’s been since 2006. ![]() NFIB Small Business Optimism Index August 2017
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