The NFIB Small Business Optimism Index declined 2.6 points in November, measuring 101.4. Despite the November decrease, the index remains well above the 47-year historical average reading of 98. While business conditions have improved, many respondents reported increased uncertainty driven by the increased spread of COVID-19 cases.
The index shows a decrease in owners who believe now is a good time to expand, reported higher nominal sales in the past three months and owners expecting higher real sales volumes.
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