The NFIB Small Business Optimism Index in the United States fell for the second consecutive month to 98.2 points in October of 2021, the lowest in 7 months, from 99.1 points in September. Expectations for business conditions over the next six months deteriorated, with the subindex falling four points. Also, the number of firms reporting positive profit trends decreased three points, mainly due to rising cost of materials and around 49% of firms reported job openings that couldn't be filled. "Small business owners are attempting to take advantage of current economic growth but remain pessimistic about business conditions in the near future. One of the biggest problems for small businesses is the lack of workers for unfilled positions and inventory shortages, which will continue to be a problem during the holiday season" NFIB chief economist Bill Dunkelberg said. source: National Federation of Independent Business

NFIB Business Optimism Index in the United States averaged 98.41 points from 1975 until 2021, 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 December of 2021.

NFIB Business Optimism Index in the United States is expected to be 97.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Nfib Business Optimism Index is projected to trend around 102.00 points in 2022, according to our econometric models.

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United States Nfib Business Optimism Index


Calendar GMT Actual Previous Consensus TEForecast
2021-10-12 10:00 AM Sep 99.1 100.1 100
2021-11-09 11:00 AM Oct 98.2 99.1 98
2021-12-08 11:00 AM Nov 98.2 98


Related Last Previous Unit Reference
NFIB Business Optimism Index 98.20 99.10 points Oct/21

News Stream
US Small Business Optimism Falls for 2nd Month
The NFIB Small Business Optimism Index in the United States fell for the second consecutive month to a 7-month low of 98.2 points in October. Expectations for business conditions over the next six months deteriorated, with the subindex falling four points. Also, the number of firms reporting positive profit trends decreased three points, mainly due to rising cost of materials and around 49% of firms reported job openings that couldn't be filled. "Small business owners are attempting to take advantage of current economic growth but remain pessimistic about business conditions in the near future. One of the biggest problems for small businesses is the lack of workers for unfilled positions and inventory shortages, which will continue to be a problem during the holiday season" NFIB chief economist Bill Dunkelberg said.
2021-11-09
US Small Business Optimism at 6-Month Low
The NFIB Small Business Optimism Index in the United States fell to 99.1 points in September from 100.1 points in August, the lowest in six months. More than 50% of small businesses said they couldn’t fill open positions last month and the number of companies offering higher pay was also at a 48-year high. "Small-business owners are doing their best to meet the needs of customers, but are unable to hire workers or receive the needed supplies and inventories. The outlook for economic policy is not encouraging to owners, as lawmakers shift to talks about tax increases and additional regulations”, NFIB chief economist Bill Dunkelberg said.
2021-10-12
US Small Business Optimism Rebounds Slightly in August
The NFIB Small Business Optimism Index in the United States went up to 100.1 points in August from 99.7 points in July of 2021. The proportion of owners who plan to increase employment, inventories, and capital outlays increased while the percentage of owners who expect better business conditions over the next six months declined for a second month to the lowest level since January 2013. "As the economy moves into the fourth quarter, small business owners are losing confidence in the strength of future business conditions. The biggest problems facing small employers right now is finding enough labor to meet their demand and for many, managing supply chain disruptions", NFIB chief economist Bill Dunkelberg said.
2021-09-14

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.