The Small Business Optimism Index sustained record-high levels increasing to 104.8 in April, driven by reports of improved profits, the highest in the NFIB Small Business Economic Trends Survey’s 45-year history.
Additionally, the number of small businesses reporting poor sales fell to a near record low. April is the 17th consecutive month of historically high readings, according to the survey that was released this week.
“Never in the history of this survey have we seen profit trends so high,” said NFIB President and CEO Juanita Duggan.
“The optimism small businesses owners have about the economy is turning into new job creation, increased wages and benefits, and investment.”
State-specific data is unavailable, but NFIB State Director Jim Brown said, “Our members are telling us that they’re investing in new equipment and hiring additional workers.
“They wouldn’t do that if they weren’t optimistic about the direction of the economy.”