Press Releases

Small Business Optimism Hits 45-Year High

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Washington, September 11, 2018 | comments

WASHINGTON – Today, the National Federation of Independent Business (NFIB) released its Small Business Optimism Index from August, which marks a new record high in the survey’s 45-year history.

“With small business optimism at the highest its been in 45 years, it’s clear that Americans are prospering, and small businesses are thriving. These historic gains are proof that the new tax law and a reduction in regulations are significantly driving our economic gains. I look forward to seeing continued growth in our economy,” said Chairman Chabot (R-OH).  

According to the report:

  • New records were set for both job creation plans and unfilled job openings.
  • August tied with May 2018 numbers noting the percentage of small business owners saying it is a good time to expand.
  • Inventory investment plans were the strongest since 2005 and capital spending plans the highest since 2007.

For the full NFIB Small Business Optimism Index, click here.

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