3/28/2023 0 Comments Small business optimism index![]() The index component with the highest change from last month belonged to “expected credit conditions.” The report also predicted that this year will see better economic growth than last year, in a near-parallel of a rush seen in 1983. ![]() Owners expecting better business conditions over. Down six points from last month, 26 of owners reported inflation was their single most important problem in operating their business. In this latest report, half of these saw increases, including “plans to increase employment,” “current job openings” and “earnings trends. 1 NFIB Small Business Economic Trends Monthly Report SUMMARY OPTIMISM INDEX The Optimism Index rose 0.4 points in July to 89.9. 14, 2023) The NFIB Small Business Optimism Index increased 0.5 points in January to 90.3, remaining below the 49-year average of 98. To calculate this index, the NFIB factors ten different components into the equation, based on business responses. 1 points, it put the overall ranking at 105.9, continuing an unbroken trend of recent growth and reaching a level of optimism not seen since Dec. Actual capital spending and inventory investment are very weak as are plans to spend. If it weren’t for the Job Openings and Hiring Plans components, the Index would be much lower. ![]() ![]() This included reports of the latest changes to the Small Business Optimism Index. The Index of Small Business Optimism has been in recession territory all last year and into 2023. The National Federation of Independent Business revealed promising growth statistics as part of its January 2017 Small Business Economic Trends report. The optimism index, a popular measure of small business owner sentiment, fell only 1 point for September, to 99.1, but it was the lowest reading since March. While some may be wary about the business policies of a new presidential administration, recent data showed high hopes dominated the past few months. ![]()
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