The August NFIB Small Business Optimism report was released today, September 10, 2019. The headline of the Economic Trends report is “Small Business Optimism Remains Steady…”
The Index of Small Business Optimism decreased in August by 1.6 points to 103.1.
Here is an excerpt that I find particularly notable (but don’t necessarily agree with):
The NFIB Small Business Optimism Index fell 1.6 points to 103.1, remaining within the top 15 percent of readings. Overall, August was a good month for small business. However, optimism slipped because fewer owners said they expect better business conditions and real sales volumes in the coming months. Job creation accelerated, positive earnings trends improved, and quarter-on-quarter sales gains remained strong.
Here is a chart of the NFIB Small Business Optimism chart, as seen in the September 10 post on the Doug Short site titled “NFIB Small Business Survey…“:
Further details regarding small business conditions can be seen in the full August 2019 NFIB Small Business Economic Trends (pdf) report.
The Special Note summarizes my overall thoughts about our economic situation
SPX at 2966.13 as this post is written