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Tuesday, June 10, 2014

NFIB: Small Business Optimism Index increases in May, Highest since 2007

by Calculated Risk on 6/10/2014 08:33:00 AM

From the National Federation of Independent Business (NFIB): Small Business Sentiment: Improves a Bit But Is No Sign Of A Surge

NFIB Optimism Index rose 1.4 points in May to 96.6, the highest reading since September 2007. ...

Labor Markets. NFIB owners increased employment by an average of 0.11 workers per firm in May (seasonally adjusted), the eighth positive month in a row and the best string of gains since 2006.
emphasis added
In another good sign, the percent of firms reporting "poor sales" as the single most important problem has fallen to 12, down from 16 last year - and "taxes" are the top problem at 25 (taxes are usually reported as the top problem during good times).

Small Business Optimism Index Click on graph for larger image.

This graph shows the small business optimism index since 1986.

The index increased to 96.6 in May from 95.2 in April.