The NFIB small business optimism index in the United States fell to 101.4 in November 2020, from 104.0 in the previous month, as small business owners continued to face major uncertainties, including the Covid-19 crisis and the upcoming Georgia runoff election. At the same time, the gauge for small business uncertainty declined 8 points to 90, following the outcome of the US presidential election. Both indexes remained well above their historical averages. source: National Federation of Independent Business

NFIB Business Optimism Index in the United States averaged 98.41 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 December of 2020.

NFIB Business Optimism Index in the United States is expected to be 95.00 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 100.00 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
101.40 104.00 108.80 80.10 1975 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-08 10:00 AM Aug 100.2 98.8 97
2020-10-13 10:00 AM Sep 104 100.2 99
2020-11-10 11:00 AM Oct 104 104 102.2 101.5
2020-12-08 11:00 AM Nov 101.4 104 105
2021-01-12 11:00 AM Dec 101.4 100.5
2021-02-09 11:00 AM Jan
2021-03-09 11:00 AM Feb
2021-04-13 10:00 AM Mar


News Stream
US Small Business Optimism Deteriorates in November
The NFIB small business optimism index in the United States fell to 101.4 in November 2020, from 104.0 in the previous month, as small business owners continued to face major uncertainties, including the Covid-19 crisis and the upcoming Georgia runoff election. At the same time, the gauge for small business uncertainty declined 8 points to 90, following the outcome of the US presidential election. Both indexes remained well above their historical averages.
2020-12-08
US Small Business Optimism Remains Strong
The NFIB Business Optimism Index in the United States was unchanged at 104 in October of 2020, the same as in the previous month and above forecasts of 102.2. The index remained at levels not seen since February, before the coronavirus pandemic and above the long-term average of 98.4. However, the NFIB uncertainty index increased five points to 98, reaching the highest reading since November of 2016, due to the elections (data was collected prior to Election Day) and the Covid-19 pandemic.
2020-11-10
US Small Business Optimism Back to Pre-Pandemic Levels
The NFIB Business Optimism Index in the United States went up to 104 in September of 2020 from 100.2 in August, reaching the highest since February and above the long-term average of 98.4. Nine of the index's 10 components increased, led by a 13 point improvement in business owners' assessment of earnings trends. A larger net percentage of firms expect the economy to improve as well. "As parts of the country continue to open, small businesses are seeing some improvements in foot traffic and sales. However, some small businesses are still struggling financially to operate at full capacity while navigating state and local regulations and are uncertain about what will happen in the future", NFIB Chief Economist Bill Dunkelberg said.
2020-10-13
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

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.