The monthly small business survey conducted by the National Federation of Independent Businesses (NFIB) showed the largest increase in optimism since 1980 after Ronald Reagan defeated President Jimmy Carter. The overall small business optimism rating is at its highest level since 2004.
NFIB President and Chief Executive Officer Juanita Duggan remarked, “Small business is ready for a breakout, and that can only mean good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”
According to the survey, the number of business owners who expected better business conditions rose from 12% to 50% from the previous month before the November 8 election. Other large increases were found in the categories of higher sales expectations and prospects for expansion.