Small business optimism falls back slightly in January
Summary
Small business sentiment weakens, but still improved post election
The NFIB Small Business Optimism Index dipped 2.3 points in January following surges in November and December. Despite the setback, the index remains far above its prevailing level over the past three years. Most of the recent improvement, which coincided with the 2024 election outcome, was driven by the “softer” index components surrounding economic expectations and credit conditions. The “hard” components of the index, e.g. job creation plans, job openings and capex plans, remain muted compared to pre-pandemic norms. On the upside, labor market deterioration appears to have stalled amid a sideways movement in job openings and slight improvement in hiring plans. On the downside, small businesses are experiencing little relief on the inflation front. Owners also expressed a pickup in general uncertainty, possibly driven by recent volatility in tariff announcements.
Download The Full Economic Indicator
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.