10/10/2024

Survey of Small Businesses Finds Slight Optimism

They are also expressing uncertainty

Small businesses turned a bit more optimistic in September, according to the latest survey from the National Federation of Independent Business (NFIB). 

NFIB’s sentiment index rose 0.3 points to 91.5, though that’s still well below the historic average of 98 for that index. The poll focuses heavily on small-business owners in construction, manufacturing, agriculture and retail.

NFIB’s optimism index soared to well above its 50-year average in 2016, after Donald Trump’s election. Then, if fell sharply after inflation spiked in 2022.

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