Interestingly, despite the recent indications of tightening lending standards, only 3% of business owners said their borrowing needs were not met. In terms of employment, almost half (42%) of business owners reported job openings were hard to fill and 38% said they had raised compensation and 21% plan to increase in the next three months. NFIB’s July Small Business Economic Trends report showed the overall Optimism Index at 99.7. A net negative 13% reported higher nominal sales over the past three months, the lowest level since August 2020. 26, 2021) The NFIB Research Center released a quarterly Small Business Economic Trends industry report highlighting the construction, manufacturing, retail, and services industries. The percentage of small business owners expecting improvement in business conditions increased but is still poor at a net negative 30%. A survey of small business owners by the National Federation of Independent Business (NFIB) showed optimism dropped 3.6 points in June to a reading of 89.5, marking the sixth straight month below. Hiring difficulties and future sales growth concerns are the most important issues. This is its third consecutive monthly increase, but many business owners remain pessimistic. 1 NFIB Small Business Economic Trends Monthly Report SUMMARY OPTIMISM INDEX The Optimism Index declined 2.1 points in December to 89.8. The latest Small Business Optimism Index for July increased 0.9 points to 91.9, its 19 th consecutive month below the survey’s 49-year average of 98.0. economy – at least 2 of every 3 new jobs – are in small businesses.
This release is an important one to follow each month as small businesses are quicker to react to a changing economic climate and a large part of the U.S. Of the 10 index components, 4 increased and 6 decreased. The Index has declined every month this year through June and July. This is the sixth consecutive month below the 48 -year average of 98, well below in this month.
#National federation of independent business optimism index series
The series goes back to 1973 (quarterly surveys, monthly starting in 1986) and is released on the second Tuesday of each month. 1 NFIB Small Business Economic Trends Monthly Report SUMMARY OPTIMISM INDEX The Optimism Index rose 0.4 points in July to 89.9. The National Federation of Independent Businesses (NFIB) collects small business trend data by surveying their membership base on a monthly basis.
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