The NFIB's Small Business Optimism Index in the US dropped to 101.2 in January 2019 from 104.4 in December and compared with market expectations of 103.2. It is the lowest reading since November of 2016, when President Trump was elected. Half of the decrease in the index came from softer expectations for real sales growth and business conditions in the second half of the year. Also, there was a decline in inventory investment plans, consistent with the rise in concerns about the size of current stocks. Additionally, rates of bill payment and receivables collection deteriorated, probably due to the temporary government shutdown. NFIB Business Optimism Index in the United States averaged 98.25 Index Points from 1975 until 2019, reaching an all time high of 108.80 Index Points in August of 2018 and a record low of 80.10 Index Points in April of 1980.

NFIB Business Optimism Index in the United States is expected to be 107.10 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate NFIB Business Optimism Index in the United States to stand at 97.00 in 12 months time. In the long-term, the United States Nfib Business Optimism Index is projected to trend around 97.00 Index Points in 2020, according to our econometric models.

United States Nfib Business Optimism Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-13 11:00 AM NFIB Business Optimism Index 107.4 107.9 108.0 107
2018-12-11 11:00 AM NFIB Business Optimism Index 104.8 107.4 107.3 107
2019-01-08 11:00 AM NFIB Business Optimism Index 104.4 104.8 103.6 105
2019-02-12 11:00 AM NFIB Business Optimism Index 101.2 104.4 103.2 104
2019-03-12 10:00 AM NFIB Business Optimism Index 101.2
2019-04-09 10:00 AM NFIB Business Optimism Index 107
2019-05-14 10:00 AM NFIB Business Optimism Index


United States Business Last Previous Highest Lowest Unit
Business Confidence 56.60 54.30 77.50 29.40 Index Points [+]
Manufacturing PMI 54.90 53.80 57.90 50.70 [+]
Services PMI 54.20 54.40 61.00 49.30 Index Points [+]
Non Manufacturing PMI 56.70 58.00 62.00 37.80 [+]
Composite Pmi 54.40 54.40 61.00 50.00 Index Points [+]
Industrial Production 3.80 4.10 62.00 -33.70 percent [+]
Industrial Production Mom -0.60 0.10 16.60 -10.40 percent [+]
Manufacturing Production 2.90 3.20 67.90 -39.40 percent [+]
Capacity Utilization 78.22 78.83 89.39 66.71 percent [+]
Durable Goods Orders 0.80 -4.30 23.50 -19.00 percent [+]
Durable Goods Orders Ex Defense -0.10 -1.40 26.00 -19.70 percent [+]
Durable Goods Orders Ex Transportation -0.30 0.40 7.50 -6.80 percent [+]
Factory Orders Ex Transportation -1.30 0.20 4.60 -7.20 percent [+]
New Orders 499194.00 502677.00 565232.00 223500.00 USD Million [+]
Factory Orders -0.60 -2.10 10.60 -10.00 percent [+]
Business Inventories -0.10 0.60 1.30 -2.00 percent [+]
Changes in Inventories 89.77 -36.81 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.30 0.90 2.10 -2.00 percent [+]
Bankruptcies 22232.00 22103.00 82446.00 19695.00 Companies [+]
Corporate Profits 2076.82 2007.53 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 101.20 104.40 108.80 80.10 Index Points [+]
Ism New York Index 63.40 65.40 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 17.00 9.10 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index 8.80 3.90 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index -2.00 -8.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index 0.27 0.21 2.77 -5.22 [+]
Dallas Fed Manufacturing Index 1.00 -5.10 47.10 -60.10 Index Points [+]
Chicago Pmi 56.70 63.80 78.60 21.20 Index Points [+]
Car Production 2.61 3.00 9.92 1.29 Million Units [+]
Car Registrations 445.50 401.53 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.70 17.55 21.77 9.05 Million [+]
Crude Oil Stocks Change 3.63 1.26 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change -78.00 -237.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 408.00 513.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 125.13 124.80 125.13 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change -1.00 2.51 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 857.00 854.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7568.00 7425.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 15.30 14.00 108.20 -28.80 percent [+]


United States Nfib Business Optimism Index

NFIB Small Business Optimism Index is a composite of ten seasonally adjusted components calculated based on the answers of around 620 NFIB members. This questions include: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend. This page provides - United States Nfib Business Optimism Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Nfib Business Optimism Index - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
101.20 104.40 108.80 80.10 1975 - 2019 Index Points Monthly
SA




Country Last Previous
United States 101.20 Jan/19


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