US May NFIB small business optimism index 105.0 vs 102.0 expected
Latest data released by NFIB - 11 June 2019
- Prior 103.5
The release here was initially scheduled for 1000 GMT but has been released early via the source here. This is an index which measures the opinion of small businesses on the economic conditions in the country.
The rebound here is the highest since October last year as sentiment improved amid strong hiring, investment, and sales. NFIB notes that:
Six components in the Small Business Optimism Index improved, three were unchanged, and one dipped. Capital spending plans increased along with actual outlays. Small business owners' expectations for sales, business conditions, and expansion all rose, as the previously reported inventory imbalance was resolved. Earnings, job creation, and compensation remained very strong.
That's an added positive at least for the dollar in the big picture as small businesses continue to fare well and that will give some confidence towards the economy.