National Federation of Independent Business Index records third highest reading last month.
The National Federation of Independent Business (NFIB) Small Business Optimism Index continued its historic 23-month positive trend, with a reading of 107.9 in September, the third highest reading in the survey’s 45-year history. In the small business half of the economy, 2018 has produced 45-year record high measures of job openings, hiring plans, actual job creation, compensation increases (actual and planned), profit growth, and inventory investment.
The September 2018 survey showed:
- Actual capital spending in the past few months rose significantly.
- Average employment change per firm was solid.