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Economy

Economic Data (USA)

Tuesday, September 12, 2017

NFIB Small Business Optimism Index for August 2017

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

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Predicted: 104.5
Actual: 105.3

  • Change from Previous Month: +0.0951%.
  • Change from 12 Months Previous: +11.5466%

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NFIB Small Business Optimism Index - August 2017
NFIB Small Business Optimism Index - August 2017

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From today's report:


"...The Index of Small Business Optimism rose 0.1 points to 105.3 in August, basically unchanged from July. Five of the 10 Index components posted a gain and five declined. The Index peaked for this recovery at 105.9 in January, just 0.6 points above the August reading. It is unlikely that progress in Washington D.C. is the source of continued owner optimism because there isn’t any on the major issues of health care and tax reform. So owner optimism is more like a “relief rally”, relief that they did not get another four years of costly federal regulations which increased the hold of government on the private sector. The Congressional Record is nearly empty compared to years of record new and changed regulations posted for the past eight years..."

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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 105.2.

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