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Economic Data (USA)

Tuesday, March 09, 2021

NFIB Small Business Optimism Index for February 2021

The National Federation of Independent Business® (NFIB®) released its Small Business Optimism Index (SBOI) for February 2021:


Predicted: 95.0
Actual: 95.8


  • Change from Previous Month: +0.842% (+ 0.8 point)
  • Change from 12 Months Previous: -8.325% (-8.7 points)


  • The January 2021 SBOI reading was 95.0

  • The February 2020 SBOI reading was 104.5



NFIB Small Business Optimism Index for February 2021
NFIB Small Business Optimism Index
February 2021 Update


From Today's Report:

"...'Small business owners worked hard in February to overcome unexpected weather conditions along with the ongoing COVID-19 pandemic,' said NFIB Chief Economist Bill Dunkelberg. 'Capital spending has been strong, but not on Main Street. The economic recovery remains uneven for small businesses, especially those still managing state and local regulations and restrictions. Congress and the Biden administration must keep small businesses a priority as they plan future policy legislation.'..."


  • 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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