The NFIB's Small Business Optimism Index in the US increased to 105 in May 2019 from 103.5 in the previous month and above market expectations of 102.3. Six Index components improved, three were unchanged and one fell. Capital spending plans increased sharply accompanied by a significant increase in actual outlays in the preceding months. Expectations for sales, business conditions, and the environment for expansion all advanced strongly. The inventory imbalance is currently resolved and owners plan a modest build in stocks. Earnings trends remained very strong and credit conditions very favorable. Uncertainty levels remain high but owners are focused on a very busy Main Street. NFIB Business Optimism Index in the United States averaged 98.30 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.

United States Nfib Business Optimism Index
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-12 10:00 AM NFIB Business Optimism Index 101.7 101.2 102.0 103
2019-04-09 10:00 AM NFIB Business Optimism Index 101.8 101.7 101.3 102
2019-05-14 09:00 AM NFIB Business Optimism Index 103.5 101.8 102.3 102
2019-06-11 10:00 AM NFIB Business Optimism Index 105.0 103.5 102.3 101
2019-07-09 09:45 AM NFIB Business Optimism Index 105 105
2019-08-13 10:00 AM NFIB Business Optimism Index 103
2019-09-10 10:00 AM NFIB Business Optimism Index 102


United States Business Last Previous Highest Lowest Unit
Business Confidence 52.10 52.80 77.50 29.40 Index Points [+]
Manufacturing PMI 50.50 52.60 57.90 50.50 [+]
Services PMI 50.90 53.00 61.00 49.30 Index Points [+]
Non Manufacturing PMI 56.90 55.50 62.00 37.80 [+]
Composite Pmi 50.90 53.00 61.00 50.00 Index Points [+]
Industrial Production 2.00 0.90 62.00 -33.70 percent [+]
Industrial Production Mom 0.40 -0.40 16.60 -10.40 percent [+]
Manufacturing Production 0.70 -0.30 67.90 -39.40 percent [+]
Capacity Utilization 78.07 77.92 89.39 66.69 percent [+]
Durable Goods Orders -2.10 1.70 23.20 -18.40 percent [+]
Durable Goods Orders Ex Defense -2.50 0.10 25.50 -19.20 percent [+]
Durable Goods Orders Ex Transportation 0.00 -0.50 6.30 -10.20 percent [+]
Factory Orders Ex Transportation 0.30 0.30 4.60 -7.00 percent [+]
New Orders 499273.00 508192.00 565232.00 223500.00 USD Million [+]
Factory Orders -0.80 1.30 10.40 -9.70 percent [+]
Business Inventories 0.50 0.00 1.30 -2.00 percent [+]
Changes in Inventories 125.53 96.80 166.37 -245.13 USD Billion [+]
Wholesale Inventories 0.80 0.00 2.10 -2.00 percent [+]
Bankruptcies 22157.00 22232.00 82446.00 19695.00 Companies [+]
Corporate Profits 2003.40 2076.20 2076.82 14.70 USD Billion [+]
NFIB Business Optimism Index 105.00 103.50 108.80 80.10 Index Points [+]
Ism New York Index 48.60 77.30 88.80 23.40 percent [+]
Philadelphia Fed Manufacturing Index 16.60 8.50 58.50 -57.90 Index Points [+]
NY Empire State Manufacturing Index -8.60 17.80 39.00 -34.40 Index Points [+]
Richmond Fed Manufacturing Index 5.00 3.00 29.00 -44.00 Index Points [+]
Chicago Fed National Activity Index -0.45 0.05 2.78 -5.27 [+]
Dallas Fed Manufacturing Index -5.30 2.00 47.60 -59.90 Index Points [+]
Chicago Pmi 54.20 52.60 78.60 21.20 Index Points [+]
Car Production 2.56 2.42 9.92 1.29 Million Units [+]
Car Registrations 464.96 377.46 1149.00 331.50 Thousand [+]
Total Vehicle Sales 17.30 16.40 21.77 9.05 Million [+]
Crude Oil Stocks Change 2.21 6.77 14.42 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 102.00 119.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 764.00 3205.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 127.79 125.78 127.79 46.91 Index Points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
API Crude Oil Stock Change 4.85 3.55 14.30 -12.40 BBL/1Million [+]
Crude Oil Rigs 788.00 789.00 1609.00 98.00 [+]
Corruption Index 71.00 75.00 78.00 71.00 Points [+]
Corruption Rank 22.00 16.00 24.00 14.00 [+]
Competitiveness Index 85.64 84.84 85.64 5.42 Points [+]
Competitiveness Rank 1.00 1.00 7.00 1.00 [+]
Ease of Doing Business 8.00 6.00 8.00 4.00 [+]
Steel Production 7428.00 7752.00 11951.00 3799.00 Thousand Tonnes [+]
Mining Production 10.00 10.70 108.20 -28.80 percent [+]


United States Nfib Business Optimism Index

NFIB Small Business Optimism Index is a composite of ten seasonally adjusted components calculated based on the answers of around 620 NFIB members. This questions include: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend. This page provides - United States Nfib Business Optimism Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Nfib Business Optimism Index - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
105.00 103.50 108.80 80.10 1975 - 2019 Index Points Monthly
SA




Country Last Previous
United States 105.00 May/19


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