SMALL BUSINESS ECONOMIC TRENDS

JOB OPENINGS AND PLANS TO CREATE NEW JOBS LEAD MONTHLY NFIB INDEX OF SMALL BUSINESS OPTIMISM

The Index of Small Business Optimism rose 1.6 points to 105.2, preserving the surge in optimism that started the day after the election. Seven of the 10 Index components posted a gain, two declined, and one was unchanged. Since the recession, the Index peaked at 105.9 in January, just 0.7 points above the July reading. Main Street was buoyed by stronger customer demand despite the dysfunction in Washington, D.C. The economy (GDP) grew about 2 percent in the first half of the year, nothing special, but the second quarter was much stronger than the first, and consumer spending was a major contributor to growth. The stock market continues to post record high readings, although a bit inconsistent with moderate growth in output from the nation’s business sector.

 

Tax Survey

 

NFIB’s Research Foundation randomly sampled 12,500 NFIB members between mid-November and mid-December, 2012 and asked them about a range of issues concerning the current federal tax code. Here’s how small business owners responded about how much taxes impact their ability to operate their businesses. Download the Study

SMALL BUSINESS OPTIMISM

REGAINS MOMENTUM IN JULY

July 2017

Small Business Optimism Index


Index Component Levels and Percentage Change from Prior Year


Index by Geographic Region

Index by Major Industry

Index by Employee Size-of-Business