Small Business Confidence Reaches High Featured

By Staff Writer March 14, 2018

Small business owners are showing unprecedented confidence in the economy as the optimism index continues at record high numbers, rising to 107.6 in February, according to the NFIB Small Business Economic Trends Survey.

The historically high numbers include a jump in small business owners increasing capital outlays and raising compensation.

For the first time since 2006, taxes received the fewest votes as the number 1 business problem for small business. The February report shows several components of the Index reached noteworthy highs. In a sign that small businesses are confident and expect growth, owners are spending capital with a net 22 percent planning to raise worker compensation and 66 percent reporting capital outlays, up 5 points from January and the highest reading since 2004.

Also, business owners expecting higher real sales rose 3 points to a net 28 percent, one of the best readings since 2007.

Last modified on Wednesday, 14 March 2018 01:28

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