NFIB Survey Shows Small Business Optimism Down
NFIB Research Foundation has collected Small Business Economic Trends Data with Quarterly surveys since 1973 and monthly surveys since 1986. (The sample is drawn from the membership files of the National Federation of Independent Business (NFIB).)
After several months of positive reports, their most recent report reveals that six of their indexes are down.
More specifically, while job components improved, capital outlays and planned spending faded along with expectations for improving business conditions. Overall only two Index components improved, two were unchanged, and six fell.
Here is an excerpt of the report about the Optimism Index…
“’Foiled again!’ The Optimism Index can’t seem to muster a run longer than 3 months. After a promising first half run, the Index fell 1.6 points to 95.0, ending another false start for the Index’s “road to recovery”. The Index did manage to stay above 95, which seemed to be a ceiling on the Index since the recovery started.
“The good news is that the job components improved again, reaching levels seen only in strong private sector economic times. The bad news is that capital outlays and planned spending faded along with expectations for improving business conditions.”
Click here to download and read more of the NFIB Economic Trends July report (PDF)…
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