Brad Close President | NFIB Nevada
Brad Close President | NFIB Nevada
The latest Small Business Optimism Index from the National Federation of Independent Business (NFIB) suggests a positive shift in sentiment among small business owners. The index indicates a significant rise, with the net percentage of owners expecting economic improvement increasing by 16 points since November to reach a net 52%, marking the highest level since late 1983.
Furthermore, there is an increase in the percentage of small business owners who believe it is a good time to expand their businesses, which rose six points to 20%. This is the highest reading since February 2020.
Tray Abney, state director for NFIB in Nevada, commented on this development: “Small job creators continue to be cautiously optimistic as we head into 2025.” He added that Nevada's small businesses are looking forward to Governor Lombardo's plans regarding taxes and regulations.
The NFIB’s Small Business Optimism Index serves as a key indicator of the health of America's small business economy. It is widely used by various government entities and provides insights into Main Street enterprises that employ half of all workers and generate more new jobs than large corporations.
Bill Dunkelberg, NFIB Chief Economist, noted: “Optimism on Main Street continues to grow with the improved economic outlook following the election. Small business owners feel more certain and hopeful about the economic agenda of the new administration.”
Other highlights from the latest index include an eight-point rise in owners expecting higher real sales volumes and an increase in those planning inventory investment.
For over eight decades, NFIB has been advocating for small and independent business owners across America. More information can be found at nfib.com or by following their updates on Twitter @NFIB_NV.