The NFIB's Small Business Optimism Index in the US came in at 101.8 in March 2019, little-changed from the previous month's 101.7 and above market expectations of 101.3. The latest reading remained at a historically strong level and signaled that small businesses continue to power the economy after being briefly shaken by January’s government shutdown. Five Index components improved, two were unchanged, and three fell. Labor market indicators improved; the outlook for expansion, real sales and reports of rising earnings gained ground; and capital spending plans held steady. The major soft spot was in inventories with stocks viewed as too large and plans to invest in inventories turning slightly negative, with more firms planning reductions than additions. NFIB Business Optimism Index in the United States averaged 98.27 Index Points from 1975 until 2019, reaching an all time high of 108.80 Index Points in August of 2018 and a record low of 80.10 Index Points in April of 1980.
NFIB Business Optimism Index in the United States is expected to be 105.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate NFIB Business Optimism Index in the United States to stand at 94.00 in 12 months time. In the long-term, the United States Nfib Business Optimism Index is projected to trend around 97.00 Index Points in 2020, according to our econometric models.