The NFIB's Small Business Optimism Index in the US rose to 103.5 in April 2019 from 101.8 in the previous month and above market expectations of 102.3. The latest reading remained at a historically strong level consistent with solid growth and keeping the economy at full employment. One Index component fell, one was unchanged, and eight improved. Labor market indicators improved, with a solid gain in job creation plans and continued reports of strong hiring. Last month’s soft spot in inventories improved and profit trends posted a very solid advance. Additionally, expectations for sales, business conditions and credit conditions all posted gains. Inflation pressures remained subdued, even though reports of compensation gains are at historically high levels. NFIB Business Optimism Index in the United States averaged 98.28 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 105.00 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 94.00 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.