Small Business Optimism Quarterly Index Fell to 98.8 in July
The National Federation of Independent Business (NFIB) issued the results from their July 2020 survey. The NFIB Small Business Optimism Index fell 1.8 points to 98.8 in July, which is near the historical average. Obviously the impact of COVID-19 has created much uncertainty and difficulties for many small business owners.
The percent of owners thinking it’s a good time to expand decreased 2 points to 11 percent of owners. Earnings trends over the past three months increased 3 points to a net negative 32 percent.
Link to the full report on the NFIB website.
Steve Niehaus, MBA, CBI
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