2012 Economic Calendar
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NFIB Small Business Optimism Index
Released On 7/10/2012 7:30:00 AM For Jun, 2012
PriorConsensusConsensus RangeActual
level94.4 92.0 91.5  to 93.5 91.4 

Highlights
In what the National Federation of Independent Business describes as a "significant" decline, small business optimism fell 3 points in June to 91.4 in a setback that reverses year-to-date improvement. Labor market measures are especially weak with job creation showing its first contraction of the year. Also accounting for much of the decline were capital investment plans and earnings trends. The report also notes special weakness in consumer spending, especially on services. Only 1 of 10 components improved in the month.

Recent History Of This Indicator
The NFIB 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 noted that expectations for future sales were the lowest for a recovery since 1973 and that capital expenditures were tied to maintenance, not expansion. Yet there were 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.

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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