ACTV - NFIB Small Business Survey: Inflation Remains Top Problem

2024-07-10 08:57:00 ET

Summary

• The headline number for the NFIB Small Business Optimism Index rose to 91.5 in June.
• Despite being the highest level of 2024 so far, the latest reading marks the 30th consecutive month the index has been below the series historical average of 97.9.
• Despite the volatility though, we can see that these two measures of mood (business and consumer) have been highly correlated, falling and rising together for the most part.

The headline number for the NFIB Small Business Optimism Index rose to 91.5 in June. Despite being the highest level of 2024 so far, the latest reading marks the 30th consecutive month the index has been below the series historical average of 97.9. The latest reading was higher than the forecast of 90.3. The index is at the 14th percentile in this series....

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