The NFIB Small Business Optimism Index increased to 94.4 in May of 2020 recovering from a 7-year low of 90.9 in April and above consensus of 86. Still, the reading remains below 95, a level not seen since 2016 as the activity remained depressed due to COVID-19 restrictions. Sales expectations for the next six months increased 18 points to -24, rebounding from a record low of -42, the lowest level in the survey’s 46-year history. Expectations for better business conditions also went up by 5 points to -34 as owners are optimistic about future business conditions and expect the recession to be short-lived.

NFIB Business Optimism Index in the United States averaged 98.37 points from 1975 until 2020, reaching an all time high of 108.80 points in August of 2018 and a record low of 80.10 points in April of 1980. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Federation of Independent Business

NFIB Business Optimism Index in the United States is expected to be 95.00 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 95.00 in 12 months time. In the long-term, the United States Nfib Business Optimism Index is projected to trend around 99.00 points in 2021 and 102.00 points in 2022, according to our econometric models.

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United States Nfib Business Optimism Index

Actual Previous Highest Lowest Dates Unit Frequency
94.40 90.90 108.80 80.10 1975 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-10 10:00 AM Feb 104.5 104.3 104.5 104
2020-04-07 10:00 AM Mar 96.4 104.5 95
2020-05-12 10:00 AM Apr 90.9 96.4 80
2020-06-09 10:00 AM May 94.4 90.9 86 85
2020-07-14 10:00 AM Jun 94.4 92
2020-08-11 10:00 AM Jul
2020-09-08 10:00 AM Aug
2020-10-08 10:00 AM Sep 91


News Stream
US Small Business Optimism Rebounds from 7-Year Low
The NFIB Small Business Optimism Index increased to 94.4 in May of 2020 recovering from a 7-year low of 90.9 in April and above consensus of 86. Still, the reading remains below 95, a level not seen since 2016 as the activity remained depressed due to COVID-19 restrictions. Sales expectations for the next six months increased 18 points to -24, rebounding from a record low of -42, the lowest level in the survey’s 46-year history. Expectations for better business conditions also went up by 5 points to -34 as owners are optimistic about future business conditions and expect the recession to be short-lived.
2020-06-09
US Small Business Optimism Hits 7-Year Low
The NFIB Small Business Optimism Index dropped 5.5 points from the previous month to 90.9 in April 2020, its lowest level since March 2013, as the coronavirus pandemic hurt the economy. Sales expectations for the next six months tumbled 30 points to -42, the lowest level in the survey’s 46-year history. Still, small-business owners' optimism about future conditions indicates they expect the recession to be short-lived, with the gauge for business conditions expectations over the next six months erasing all of March's decline.
2020-05-12
US Small Business Morale Posts Record Monthly Fall
The NFIB Small Business Optimism Index tumbled 8.1 points from a month earlier to 96.4 in March 2020, the largest monthly decline in the survey's history, as the coronavirus pandemic hurt businesses, jobs and demand. Also, the index hit the lowest level since October 2016 as small-business owners put on hold plans for expansion and hiring. Most of the survey's responses were collected in the first half of the month, before the imposition of strict measures to contain the rapid spread of Covid-19. Meanwhile, about half of respondents to a separate NFIB survey done in late March said that they could only survive by up to two months under the current business conditions.
2020-04-07
US Small Business Optimism Improves in January
The NFIB Small Business Optimism Index in the US jumped to 104.3 in January of 2020 from 102.7 in December, beating market forecasts of 103.4. January's reading was within one of the top 10 percent higher of all figures. 6 of the 10 index components improved, two declined, and two were unchanged, with the uncertainty index edging up slightly. Owners expecting better business conditions dipped slightly, but sales expectations and earnings trends improved significantly.
2020-02-11

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.