Thursday, April 22, 2021

Small business optimism falls in November

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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