All Posts Tagged: optimism

U.S. Outlook: Small business confidence catches fire

Scott Anderson
Chief Economist

Small businesses appear downright euphoric about the prospects of a Trump Administration and Republican-controlled Congress taking the reins in Washington.

Graph showing recent spike in small business optimismThe prospects of tax cuts and a deregulation agenda appear to have spurred a nearly unprecedented surge in small business optimism last month.

For more, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Jan. 13.

Key observations:

  • The National Federation of Independent Business’s Small Business Confidence Index jumped 7.4 points in December, the highest monthly increase since 1980.
  • Small business sales expectations haven’t been this uniformly positive since October 2005.
  • Small business confidence has been notably absent through this expansion. There have been false dawns in the past.
  • My gut tells me the jump in small business confidence last month was more of a small business wish than current reality.

Click here to read my full report.

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U.S. Outlook: Sentiment breaks harder, will hard data follow?

Scott Anderson
Chief Economist
Graph showing recent rise in small business optimism.

Confidence is infectious these days. Many economic surveys are all pointing to a rare outbreak of positivity and growth.

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