The NFIB Business Optimism Index in the United States increased to 100.2 in August of 2020 from 98.8 in July of 2020 and slightly above the long-term average of 98.4. The percentage of owners thinking it is a good time to expand increased one point to 12% while expectations among small-business owners regarding the improvement of the economy and of higher sales declined. "We are seeing areas of improvement in the small business economy, as job openings and plans to hire are increasing, but many small businesses are still struggling and are uncertain about what the future will hold," NFIB's chief economist Bill Dunkelberg said.

NFIB Business Optimism Index in the United States averaged 98.38 points from 1975 until 2020, reaching an all time high of 108.80 points in August of 2018 and a record low of 80.10 points in April of 1980. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: National Federation of Independent Business

NFIB Business Optimism Index in the United States is expected to be 99.00 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 104.00 in 12 months time. In the long-term, the United States Nfib Business Optimism Index is projected to trend around 99.00 points in 2021 and 102.00 points in 2022, according to our econometric models.

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United States Nfib Business Optimism Index

Actual Previous Highest Lowest Dates Unit Frequency
100.20 98.80 108.80 80.10 1975 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-09 10:00 AM May 94.4 90.9 86 85
2020-07-14 10:00 AM Jun 100.6 94.4 92
2020-08-11 10:00 AM Jul 98.8 100.6 97
2020-09-08 10:00 AM Aug 100.2 98.8 97
2020-10-13 10:00 AM Sep 100.2 99
2020-11-10 11:00 AM Oct
2020-12-08 11:00 AM Nov


News Stream
Optimism Among Small American Businesses Rises
The NFIB Business Optimism Index in the United States increased to 100.2 in August of 2020 from 98.8 in July of 2020 and slightly above the long-term average of 98.4. The percentage of owners thinking it is a good time to expand increased one point to 12% while expectations among small-business owners regarding the improvement of the economy and of higher sales declined. "We are seeing areas of improvement in the small business economy, as job openings and plans to hire are increasing, but many small businesses are still struggling and are uncertain about what the future will hold," NFIB's chief economist Bill Dunkelberg said.
2020-09-08
US Small Business Optimism Falls in July
The NFIB Business Optimism Index in the United States fell to 98.8 in July of 2020 from 100.6 in the previous month, as coronavirus cases continue to rise across the country. The outlook for general business conditions over the next six months deteriorated 14 points to 25, and the percentage of owners thinking it's a good time to expand dropped 8 points to 5 percent. In addition, the Uncertainty Index increased seven points to 88. "Owners continue to temper their expectations of future economic conditions as the COVID-19 public health crisis is expected to continue", NFIB's chief economist said.
2020-08-11
US Small Business Optimism Rises for 2nd Month
The NFIB Business Optimism Index in the United States increased to 100.6 points in June of 2020 from 94.4 points in May of 2020. It is the highest reading since February, before the coronavirus crisis. The outlook for general business conditions over the next six months improved five points to 39 and the percentage of owners thinking it's a good time to expand improved eight points to 13 percent. "Optimism about future conditions improved and small-business owners indicate they expect the recession to be short-lived. We're starting to see positive signs of increased consumer spending, but there is still much work to be done to get back to pre-crisis levels," NFIB's chief economist said.
2020-07-14
US Small Business Optimism Rebounds from 7-Year Low
The NFIB Small Business Optimism Index increased to 94.4 in May of 2020 recovering from a 7-year low of 90.9 in April and above consensus of 86. Still, the reading remains below 95, a level not seen since 2016 as the activity remained depressed due to COVID-19 restrictions. Sales expectations for the next six months increased 18 points to -24, rebounding from a record low of -42, the lowest level in the survey’s 46-year history. Expectations for better business conditions also went up by 5 points to -34 as owners are optimistic about future business conditions and expect the recession to be short-lived.
2020-06-09

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.