2012 Economic Calendar
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NFIB Small Business Optimism Index
Released On 6/12/2012 7:30:00 AM For May, 2012
PriorConsensusConsensus RangeActual
level94.5 94.2 92.5  to 96.0 94.4 

Highlights
The small business optimism index edged 1 tenth lower in May to 94.4, showing what the report says are no signs that economic activity will pick up this year. The report notes that expectations for future sales are the lowest for a recovery since 1973 and that capital expenditures are tied to maintenance, not expansion. Yet there are positives led by slight improvement in plans to increase employment and by some strength in compensation as well as improvement in collecting and paying bills on time.

Market Consensus before announcement
The NFIB Small Business Optimism Index jumped two points in April to 94.5 for the best reading in a year. Job creation plans and job openings both increased and capital spending plans were up. Small businesses also reported the best sales trends of the recovery and they see big improvement in profit trends.

Definition
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 ten seasonally adjusted components based on questions on the following: 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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