The NFIB Small Business Optimism Index increased 2.9 points in June, measuring 102.5, the first time the index exceeded 100 since last November. The Uncertainty Index increased 4 points to 83.
A seasonally adjusted net 27.0% of owners plan to create new jobs, up 1 point from the previous month. The percent of owners thinking it’s a good time to expand increased 2 points to 15.0%. Forty-six percent of respondents reported job openings they could not fill in the current period, a decrease of two points from May but historically very high.
A net 9.0% of all owners (seasonally adjusted) reported higher nominal sales in the past three months, up 2 points from May. The net percent of owners expecting higher real sales volumes increased 5 points to a net 7.0%.
Three percent of owners reported that all their borrowing needs were not satisfied (unchanged). Twenty-five percent reported all credit needs met (up 2 points) and 59.0% said they were not interested in a loan (down 3 points). A net 2.0% reported their last loan was harder to get than in previous attempts (unchanged).
Read the NFIB report.
