by Bill McBride on 12/13/2016 08:32:00 AM
Tuesday, December 13, 2016
From the National Federation of Independent Business (NFIB): Small Business Optimism Soars Post Election
The full November index, calculated as it is every month, improved 3.5 points to 98.4, which is just above the 42-year average and only the third time since 2007 that it has broken into above average territory.Click on graph for larger image.
Plans to hire jumped five points from the previous month. Expected higher sales rose from a net one percent in October to net 11 percent in November. But the blockbuster was expected better business conditions, which shot from a net -7 percent to 12.
This graph shows the small business optimism index since 1986.
The index increased to 98.4 in November.
This is the highest level since 2014.
Posted by Bill McBride on 12/13/2016 08:32:00 AM