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Economy

Economic Data (USA)

Tuesday, August 08, 2017

NFIB Small Business Optimism Index for July 2017

The National Federation of Independent Business® (NFIB®) released its Small Business Optimism Index for July 2017:

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Predicted: 103.2
Actual: 105.2

  • Change from Previous Month: +1.5444%.
  • Change from 12 Months Previous: +11.2051%

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NFIB Small Business Optimism Index - July 2017
NFIB Small Business Optimism Index - July 2017
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From today's report:


"...The Index of Small Business Optimism rose 1.6 points to 105.2, preserving the surge in optimism that started the day after the election. Seven of the 10 Index components posted a gain, two declined, and one was unchanged. Since the recession, the Index peaked at 105.9 in January, just 0.7 points above the July reading. Main Street was buoyed by stronger customer demand despite the dysfunction in Washington, D.C. The economy (GDP) grew about 2 percent in the first half of the year, nothing special, but the second quarter was much stronger than the first, and consumer spending was a major contributor to growth. The stock market continues to post record high readings, although a bit inconsistent with moderate growth in output from the nation’s business sector..."

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  • Small business survey questions can be found at the end of today's report.
  • The baseline "100" score is associated with 1986 survey data.
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The previous month's Small Business Optimism Index was 103.6.

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