2012 Economic Calendar
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NFIB Small Business Optimism Index  
Released On 4/10/2012 7:30:00 AM For Mar, 2012
PriorConsensusConsensus RangeActual
level94.3 94.8 94.0  to 95.0 92.5 

Economic indicators in general had been showing rising momentum, that is until Friday's payroll data for March. Now data on small business optimism are also a disappointment for March with the index ending six straight months of improvement with a 1.8 point decline to 92.5. Declines sweep nine of the report's 10 index components including employment plans, sales expectations, and earnings trends. On the positive side, ongoing hiring is solid and access to credit is not a major concern.

Consensus Outlook
The NFIB Small Business Optimism Index has risen for six straight months and in February was the highest in a year and the second highest of the recovery. The small business optimism index rose four tenths to 94.3 with gains led by earnings trends and by plans to build inventories. Small businesses also expect their sales to increase.

The small business optimism index is compiled from a survey that is conducted each month by the National Federation of Independent Business (NFIB) of its members. The index is a composite of 10 seasonally adjusted components based on the following questions: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend.  Why Investors Care

2012 Release Schedule
Released On: 1/102/143/134/105/86/127/108/149/1110/911/1312/11
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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