According to the latest National Federation of Independent Business survey, small business owners’ expectations for sales, business conditions, and expansion all rose in May.
Small business optimism eclipsed pre-government shutdown levels, increasing 1.5 points to 105.0 in May. Six components in the National Federation of Independent Business (NFIB) 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.
“Optimism among small business