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Economic Data (USA)

Tuesday, January 10, 2017

NFIB Small Business Optimism Index for December 2016

The National Federation of Independent Business® (NFIB®) released its Small Business Optimism Index for December 2016:


Predicted: 99.6
Actual: 105.8

  • Change from Previous Month: +7.52%
  • Change from 12 Months Previous: +11.13%


Small Business Optimism Index - December 2016
Small Business Optimism Index - December 2016


From today's report:

"...The Index of Small Business Optimism rose 7.4 points to 105.8, the highest reading since December 2004. Seven of the 10 Index components posted a gain, 2 declined and 1 was unchanged. Expectations for real sales gains and outlook for business conditions accounted for 73 percent of the gain. The percent of owners viewing the current period as a good time to expand is now triple the average level in the recovery. GDP related hiring and inventor investment showed little gain. Capital spending though, the laggard in this recovery, posted a strong advance, both in reported outlays and plans for spending in the first half. Job creation plans remained at the highest levels seen since 2007. Reports of compensation gains were robust while reports of higher prices, though the highest all year, were infrequent..."

  • Small business survey questions can be found at the end of today's report.
  • The baseline "100" score is associated with 1986 survey data.

Last month's Small Business Optimism Index was 98.4.


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