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.