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NFIB Optimism Index Takes Accurate Small Business Pulse

Share current LOB: SmallBusiness

The list of possible inputs to consider for business planning can feel like a whirlwind. You can choose from an array of confidence surveys, economic indicators and stock composites. Despite that mixed bag, many small business experts point to the Business Owner Optimism Index from the National Federation of Independent Business (NFIB) as a statistic that stands out among the pack.
Based on 10 survey indicators, the NFIB index tracks well against sales levels, employment and credit conditions.
NFIB compiles its Business Owner Optimism index with the following inputs collected via survey:

  • Plans to increase employment or inventories
  • Plans to make capital outlays
  • Expectations for the economy
  • Projections for real sales
  • Current inventory and job openings
  • Expected credit conditions
  • Timing for expansion
  • Earnings trends

If you are overwhelmed by a laundry list of other inputs, bookmark the NFIB Business Owner Optimism Index at http://www.nfib.com/sbet, and download the most recent quarterly report.

 

The NFIB index tracks well against sales levels, employment, and credit conditions.

 

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.

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