Details of the NFIB small business optimism index report 12 May 2015
- Prior 95.2
A decent reversal after all 10 components fell in March. 9 of those 10 recovered
NFIB's chief economist Bill Dunkelberg says that small businesses are leading the way but are still very cautious
"Optimism may have seen a slight jump from last month's weak numbers, but there was not an especially large gain in any area except for an improvement in profit trends.Small business owners are still wary of the future, and that's most evident when we asked them about future sales.
"Overall, the Index remains steady, but it is still a few points below the average and is showing no tendency to break out into a stronger pattern of economic growth. The little economic growth we do see is coming mostly from small businesses. Solid economic growth would require good performance from both big and small firms and that will likely be elusive this year.".
