US December NFIB small business optimism index 104.4 vs 103.0 expected

Author: Justin Low | Category: News

Latest data released by the NFIB - 8 January 2019


ForexLive
The data was supposed to be released at the top of the hour but the source website has it out already here. This is an index which measures the opinion of small businesses on the economic conditions in the country. The print here is the lowest since October 2017 but it is still a solid reading considering that 2018 has been a strong showing by small businesses with regards to the index here.

NFIB notes that job creation plans strengthened alongside a surge in inventory plans while the drag on the month were from expected real sales growth and expected business conditions over the next six months.

With the Fed and the US economy growing more uncertain, I reckon that the index will moderate a little in the coming months at the very least.

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