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- U.S. small business optimism improves further in November
U.S. small business optimism improves further in November
The National
Federation of Independent Business (NFIB) reported on Tuesday the Small
Business Optimism Index increased by 2.3 points to 104.7 in November, following
a 0.6-point advance in October. That represented the largest m-o-m gain since
May 2018.
According to
the report, the November climb in the headline index was buoyed by advances in seven
of the 10 components, led by a 10-point increase in earnings, supported by
quarter profit improvements. Meanwhile, owners reporting it is a good time to
expand rose by 6 points and those expecting better business conditions
increased by 3 points.
“Owners are
aggressively moving forward with their business plans, proving that when
they’re given relief from the government, they put their money where their
mouth is, and they invest, hire, and increase wages,“ noted NFIB Chief
Economist William Dunkelberg. “Owners are most closely focused on issues that
directly impact their business, including the real, significant tax relief they
were given two years ago, and they’re anxious to see that relief made
permanent.”
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