The NFIB Small Business Optimism Index fell 1.6 points from the previous month to 103.1 in August 2019, as fewer owners said they expect better business conditions and real sales volumes in the coming months. Still, job creation accelerated, positive earnings trends improved, and quarter-on-quarter sales gains remained strong. The Uncertainty Index rose 4 points, suggesting that small business owners are reluctant to make major spending commitments. The main impediment to more growth is the record level of no qualified workers. NFIB Business Optimism Index in the United States averaged 98.33 Index Points from 1975 until 2019, reaching an all time high of 108.80 Index Points in August of 2018 and a record low of 80.10 Index Points in April of 1980.

NFIB Business Optimism Index in the United States is expected to be 102.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate NFIB Business Optimism Index in the United States to stand at 98.00 in 12 months time. In the long-term, the United States Nfib Business Optimism Index is projected to trend around 97.00 Index Points in 2020, according to our econometric models.

United States Nfib Business Optimism Index
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-11 10:00 AM NFIB Business Optimism Index May 105.0 103.5 102.3 101
2019-07-09 10:00 AM NFIB Business Optimism Index Jun 103.3 105 105
2019-08-13 10:00 AM NFIB Business Optimism Index Jul 104.7 103.3 104.9 103
2019-09-10 10:00 AM NFIB Business Optimism Index Aug 103.1 104.7 104
2019-10-08 10:00 AM NFIB Business Optimism Index Sep 103.1 102
2019-11-12 11:00 AM NFIB Business Optimism Index Oct 100
2019-12-10 11:00 AM NFIB Business Optimism Index Nov 98


United States Business Last Previous Highest Lowest Unit
Business Confidence 49.10 51.20 77.50 29.40 Index Points [+]
Manufacturing PMI 50.30 50.40 57.90 50.30 [+]
Services PMI 50.70 53.00 61.00 49.30 Index Points [+]
Non Manufacturing PMI 56.40 53.70 62.00 37.80 [+]
Composite Pmi 50.70 52.60 61.00 50.00 Index Points [+]
Industrial Production 0.40 0.50 62.00 -33.70 percent [+]
Industrial Production Mom 0.60 -0.10 16.60 -10.40 percent [+]
Manufacturing Production -0.40 -0.50 67.90 -39.40 percent [+]
Capacity Utilization 77.88 77.52 89.39 66.69 percent [+]
Durable Goods Orders 2.10 1.80 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense 1.40 3.10 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation -0.40 0.80 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.30 -0.10 4.60 -7.00 percent [+]
New Orders 500278.00 493817.00 565232.00 223500.00 USD Million [+]
Factory Orders 1.40 0.50 10.40 -9.70 percent [+]
Business Inventories 0.40 0.00 1.30 -2.00 percent [+]
Changes in Inventories 69.03 116.00 173.21 -245.13 USD Billion [+]
Wholesale Inventories 0.20 -0.10 2.10 -2.00 percent [+]
Bankruptcies 22483.00 22157.00 82446.00 19695.00 Companies [+]
Corporate Profits 1882.97 1791.42 1882.97 14.67 USD Billion [+]
NFIB Business Optimism Index 103.10 104.70 108.80 80.10 Index Points [+]
NY Empire State Manufacturing Index 2.00 4.80 39.00 -34.40 Index Points [+]
Philadelphia Fed Manufacturing Index 16.80 21.80 58.50 -57.90 Index Points [+]
Richmond Fed Manufacturing Index 1.00 -12.00 27.00 -44.00 Index Points [+]
Ism New York Index 50.30 43.50 88.80 23.40 percent [+]
Chicago Fed National Activity Index -0.36 0.03 2.79 -5.28 [+]
Dallas Fed Manufacturing Index 2.70 -6.30 47.60 -59.90 Index Points [+]
Chicago Pmi 50.40 44.40 78.60 21.20 Index Points [+]
Car Production 2.67 2.62 9.92 1.29 Million Units [+]
Car Registrations 417.60 466.07 1149.00 331.50 Thousand [+]
Total Vehicle Sales 16.90 16.80 21.77 9.05 Million [+]
Crude Oil Stocks Change 1.06 -6.91 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 78.00 84.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 781.00 -682.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 128.31 128.29 128.31 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 0.59 -7.20 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 733.00 738.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7514.00 7276.00 11951.00 3799.00 Thousand Tonnes [+]
Kansas Fed Manufacturing Index -2.00 -6.00 37.00 -32.00 Index Points [+]
Mining Production 5.10 5.90 108.20 -28.80 percent [+]


United States Nfib Business Optimism Index

NFIB Small Business Optimism Index is a composite of ten seasonally adjusted components calculated based on the answers of around 620 NFIB members. This questions include: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend. This page provides - United States Nfib Business Optimism Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Nfib Business Optimism Index - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.10 104.70 108.80 80.10 1975 - 2019 Index Points Monthly
SA




Country Last Previous
United States 103.10 Aug/19


Related

Latest