Small business optimism rebounds in March, with solid economic growth expected
Small business owners are optimistic about economic growth and don’t expect a recession anytime soon, according to the National Federation of Independent Business monthly Small Business Optimism index, published Tuesday.
The NFIB Small Business Optimism Index rose to 101.8 in March, from 101.7 in April. “Overall, the Index anticipates solid growth, keeping the economy at ‘full employment’ with no signs of a recession in the near term,” the report said. “The Uncertainty Index dropped six points to 79, returning to a more normal level for recent years.”
"Small business owners continue to create jobs, expand their operations, and are enjoying strong sales," said NFIB President and CEO Juanita Duggan. "Since Congress resolved the shutdown, uncertainty has declined as small business owners add jobs, increase sales, and invest in their businesses and employees."
"Owners are growing their businesses and expect that they can sell more if they can produce more with additional employees," said NFIB Chief Economist Bill Dunkelberg. "Investment spending has been solid for the past two years and owners are choosing to invest in their workforce as well by creating new jobs and raising wages."