NFIB Business Optimism Index

The NFIB Research Foundation has collected Small Business Economic Trends data with quarterly surveys since 1974 and monthly surveys since 1986. Survey respondents are drawn from NFIB's membership. The report is released on the second Tuesday of each month.

Most recent - Tuesday 10 September 2024 10:00

Previous
93.7
Forecast
93.6
Actual
91.2

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Tuesday 8 October 2024 10:00

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for NFIB Business Optimism Index yet - check back for updates.

Trading range

Forecast history

The most recent announced value for NFIB Business Optimism Index was 91.2 against a forecast of 93.6.

Past events

Date
Forecast
Actual
Tuesday 10 September 2024 10:00
93.6
91.2
Tuesday 13 August 2024 10:00
91.7
93.7
Tuesday 9 July 2024 10:00
89.5
91.5
Tuesday 11 June 2024 10:00
89.8
90.5
Tuesday 14 May 2024 10:00
88.1
89.7
Tuesday 9 April 2024 10:00
90.2
88.5
Tuesday 12 March 2024 10:00
90.7
89.4
Tuesday 13 February 2024 11:00
91.1
89.9
Tuesday 9 January 2024 11:00
90.7
91.9
Tuesday 12 December 2023 11:00
-
90.6
Tuesday 14 November 2023 11:00
-
90.7
Tuesday 10 October 2023 10:00
91.1
90.8
Tuesday 12 September 2023 10:00
-
91.3
Tuesday 8 August 2023 10:00
90.6
91.9
Tuesday 11 July 2023 10:00
89.9
91
Tuesday 13 June 2023 10:00
88.5
89.4
Tuesday 9 May 2023 10:00
89.6
89
Tuesday 11 April 2023 10:00
-
90.1
Tuesday 14 March 2023 10:00
-
90.9
Tuesday 14 February 2023 11:00
-
90.3
Tuesday 10 January 2023 11:00
-
89.8
Tuesday 13 December 2022 11:00
90.4
91.9
Tuesday 8 November 2022 11:00
-
91.3
Tuesday 11 October 2022 10:00
-
92.1
Tuesday 13 September 2022 10:00
-
91.8
Tuesday 9 August 2022 10:00
-
89.9
Tuesday 12 July 2022 10:00
-
89.5
Tuesday 14 June 2022 10:00
-
93.1
Tuesday 10 May 2022 10:00
-
93.2
Tuesday 12 April 2022 10:00
-
93.2
Tuesday 8 March 2022 11:00
-
95.7
Tuesday 8 February 2022 11:00
-
97.1
Tuesday 11 January 2022 11:00
-
98.9
Tuesday 14 December 2021 11:00
-
98.4
Tuesday 9 November 2021 11:00
-
98.2
Tuesday 12 October 2021 10:00
-
99.1

Economic context

Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next NFIB Business Optimism Index result:

PreviousLatest
NY Empire State Manufacturing IndexBullish change-4.711.5
Michigan Consumer Sentiment IndexBullish change67.969
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Monthly Budget StatementBearish change$-244B$-380B
Initial Jobless ClaimsBearish change228K230K
Producer Price Index (MoM)Bullish change0%0.2%
Producer Price Index (YoY)Bearish change2.1%1.7%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.2%0.3%
Producer Price Index ex Food & Energy (YoY)Bullish change2.3%2.4%
Consumer Price Index (MoM)(no change)0.2%0.2%
Consumer Price Index (YoY)Bearish change2.9%2.5%
Consumer Price Index ex Food & Energy (MoM)Bullish change0.2%0.3%
Consumer Price Index ex Food & Energy (YoY)(no change)3.2%3.2%
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)Bullish change3.6%3.8%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBullish change89K142K
U6 Underemployment RateBearish change7.8%7.9%
Unemployment RateBullish change4.3%4.2%
ISM Services Employment IndexBearish change51.150.2
ISM Services New Orders IndexBullish change52.453
ISM Services PMIBullish change51.451.5
ISM Services Prices PaidBullish change5757.3
S&P Global Composite PMIBullish change54.154.6
Initial Jobless ClaimsBullish change232K227K
Nonfarm ProductivityBullish change2.3%2.5%
Unit Labor CostsBearish change0.9%0.4%
ADP Employment ChangeBearish change111K99K
Challenger Job CutsBullish change25.885K75.891K
Factory Orders (MoM)Bullish change-3.3%5%
JOLTS Job OpeningsBearish change7.91M7.673M
ISM Manufacturing Employment IndexBullish change43.446
ISM Manufacturing New Orders IndexBearish change47.444.6
ISM Manufacturing PMIBullish change46.847.2
ISM Manufacturing Prices PaidBullish change52.954

About NFIB Business Optimism Index

Country:United States
Currency:USD
Source:National Federation of Independent Business
Category:Economic Activity
Frequency:Monthly

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