Small Business Optimism Index

The National Federation of Independent Business is an association that represents independent and small businesses. It is founded in 1943 and it releases a sentiment indicator/index called the Small Business Optimism index.

The small business optimism index is created from a monthly survey conducted by NFIB to measure the optimism of small business owners. The small business optimism index is an indicator of how independent and small businesses think of the current state of the economy.
The monthly survey gets business owners' sentiment regarding employment, capital spending, sales and inventories, inflation, earnings and credit.

In October, the index value increased to 91.7 from the 89 value of September. Although this was an increase of 2.7 point (3.03%), the index is not yet out of the recession zone according to economists. Over the previous 5 years, the highest small business optimism index value was 94.6 and it occurred in December 2007.

This trading item gets historical data for the small business optimism index (5 years). The item creates a new symbol "^sb_optimism_index" and associates the downloaded data to it.

More information can be found at the National Federation of Independent Business website: http://www.nfib.com

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