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Tuesday, May 12, 2020

Small Business Optimism Decreased Sharply in April

by Calculated Risk on 5/12/2020 09:43:00 AM

Most of this survey is noise, but there is some information, especially on the labor market.

From the National Federation of Independent Business (NFIB): April 2020 Report

Small business optimism took another dive in April, falling 5.5 points to 90.9, with owners expressing certainty the economy will weaken in the near-term, but expecting it to improve over the next six months. The Optimism Index has fallen 13.6 points over the last two months, with nine of 10 Index components declining in April and one improving.
[J]ob creation plans fell eight points to a net one percent, the lowest level since December 2012.
emphasis added
Small Business Optimism IndexClick on graph for larger image.

This graph shows the small business optimism index since 1986.

The index decreased to 90.9 in April.