Small-business optimism gained two points in April, returning the index to its highest level since December 2007, according to the National Federation of Independent Business (NFIB). Acknowledging that job-creation numbers as of late have been floundering, the report also indicates that a somewhat positive trend may be underway when it comes to profits and sales.
“While the index remains historically weak,” conceded Bill Dunkelberg, NFIB’s Chief Economist, “there was good news in the details of April’s report. Job creation plans, job openings and capital spending plans all increased. Hopefully, this performance will hold in the coming months.”
Not an unlikely scenario given that NFIB’s latest report comes on the heels of a Gallup poll released on April 30 that shows small-business owner optimism is at its highest level since July 2008.
Click here on the Small-Business Optimism Report Statement for a closer look at NFIB’s most recent findings, or for more in-depth coverage on this story, go to:
The Wall Street Journal
The Washington Post