While the coronavirus pandemic has harmed small businesses across the board, minority small business owners report disproportionately large effects, according to the latest Wells Fargo/Gallup Small Business Index survey.
The NFIB Small Business Optimism Index declined to 101.2, 3.2 points below December’s reading. This is the lowest reading since the last three weeks of November 2016, when the index experienced a seven-point boost from 95 to 102 following the announcement of the election results. Twenty percent of business owners surveyed said the next three
The NFIB Small Business Optimism Index held steady at 104.4, 0.4 points below November’s reading. The December reading continues to hover near August’s record high of 108.8. Twenty-four percent of business owners surveyed said the next three months was a good time to expand, five point lower than last month’s reading. Reported job creation strengthened,
The Wells Fargo/Gallup Small Business Index survey — a measure of small business owners’ perceptions of their operating environments — reached an 11-year high in January.
Small business owners’ outlook on economic conditions is significantly higher today than it was a year ago, according to Bank of America’s fall 2017 Small Business Owner Report.
The NFIB Small Business Optimism Index fell 0.2 points in August to 94.4. Five of the ten index components posted gains, while four declined. Labor market conditions remained weak, as only 56% of small business owners reported hiring or trying to hire, up 3 points from July. Forty-eight percent of employers reported few or no
The NFIB Small Business Optimism Index increased 0.2 points in May, rising to 93.8. Four of the ten components posted gains on the month, while four declined. The entire gain in the index was due to a 5 point increase in Expected Business Conditions which remains 9 points below its year ago level. Labor market
The NFIB small business optimism index rose 0.4 points to 95.2 in December. Six of the ten index components posted a gain on the month, while three components posted declines. Labor market conditions weakened slightly, as the average employment gain per firm fell from 0.01 workers in November to -0.07 in December. Fifty-five percent of
Small business confidence is the key leading indicator for job growth, says ABA Chief Economist James Chessen.
The NFIB Small Business Optimism Index increased 1.4 points to 98.3 in May, the highest level since December.