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Economic Data (USA)

Wednesday, August 11, 2021

NFIB Small Business Optimism Index for July 2021

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


Predicted: 102.0
Actual: 99.7

  • Change from Previous Month: -2.732% (-2.8 points.)
  • Change from 12 Months Previous: +0.911% (+0.9 point.)


NFIB Small Business Optimism Index - July 2021 Update

NFIB Small Business Optimism Index
July 2021 Update


From today's report:

"...'Small business owners are losing confidence in the strength of the economy and expect a slowdown in job creation,' said NFIB Chief Economist Bill Dunkelberg. 'As owners look for qualified workers, they are also reporting that supply chain disruptions are having an impact on their businesses. Ultimately, owners could sell more if they could acquire more supplies and inventories from their supply chains.'..."


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

The previous month's Small Business Optimism Index was 102.5.




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