Small business owners are feeling much more optimistic. The Small Business Optimism Index increased 6.2 points in June to 100.6, the National Federation of Independent Business said Tuesday. That beat expectations of 96.7 and was above even the high end
Even before the millions of layoffs and widespread lockdowns, optimism collapsed among America’s small business owners.
After a brief dip at the end of last year, small business optimism is rising again on expectations for better sales.
In contrast with the summer months of recession obsession, November saw small business optimism spike upward.
„This is a confirmation that small business owners remain very optimistic about the economy despite all the talk about ’slowing.'“|
“Optimism among small business owners has surged back to historically high levels” said NFIB President and CEO Juanita D. Duggan.
One of the foundations of the Trump-era economic expansion weakened again in January, the fifth straight month of decline.
Another sign that the economy came through the end of 2018 on a stronger footing than many expected.
The Small Business Optimism Index marked its second highest level in the survey’s 45-year history at 107.9, just below the July 1983 record-high of 108.
The number of companies announcing a ramping up of investment in the U.S. and the corresponding rush to create jobs for Americans have jumped to a quicker pace since the election of Donald J. Trump to the White House.