NFIB Small Business Optimism – February 2021

The February NFIB Small Business Optimism report was released today, March 9, 2021. The headline of the Economic Trends report is “Small Business Optimism Improves Slightly in February.”

The Index of Small Business Optimism increased by .8 points to 95.8.

Here is an excerpt that I find particularly notable (but don’t necessarily agree with):

Only 2% of owners reported that all of their borrowing needs were not satisfied. Twenty-eight percent reported all credit needs were met and 58% said they were not interested in a loan. A net 1% reported that their last loan was harder to get than in previous attempts.

Here is a chart of the NFIB Small Business Optimism chart, from the Advisor Perspectives’ March 9, 2021 post titled “NFIB Small Business Survey…“:

NFIB Small Business Optimism Index

Further details regarding small business conditions can be seen in the full February 2021 NFIB Small Business Economic Trends (pdf) report.


The Special Note summarizes my overall thoughts about our economic situation

SPX at 3891.86 as this post is written