The National Federation of Independent Business (NFIB) reported a surge in small business optimism, reaching its highest point since 2018, driven by anticipation of President-elect Trump's return to the White House. The NFIB's Small Business Optimism Index jumped 3.4 points to 105.1 in December, fueled by expectations for pro-business policies and legislation. Meanwhile, the Uncertainty Index plunged, indicating increased confidence among small business owners.
America's small business owners are feeling better about the economy than they have in six years, in anticipation of President-elect Trump returning to the White House. The National Federation of Independent Business' latest Small Business Optimism Index jumped 3.4 points to 105.1 in December, the highest reading since October 2018. This is the second consecutive reading above the 50-year average, after the November index broke a 2.5-year streak that same month as Trump 's win.
Optimism on Main Street continues to grow with the improved economic outlook following the election," said NFIB Chief Economist Bill Dunkelberg. "Small business owners feel more certain and hopeful about the economic agenda of the new administration." Dunkelberg added, "Expectations for economic growth, lower inflation, and positive business conditions have increased in anticipation of pro-business policies and legislation in the new year.
Trump has vowed to slash regulations, as he did during his first term, and to make his signature tax cuts permanent when he returns to the Oval Office. In the NFIB's latest survey, the net percent of owners expecting the economy to improve rose 16 points from November to a seasonally adjusted 52%, the highest since the fourth quarter of 1983.
ECONOMY SMALL BUSINESS TRUMP INFLATION OPTIMISM
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