NASHVILLE, TN —The people who own and run America's small businesses are really optimistic.
Today's small business optimism report for November shows the biggest month-over-month gain in six months.
The Optimism Index reading grew by seven of the 10 Index components advancing, led by a 10-point improvement in earnings. Conversely, the National Federation of Independent Business (NFIB) Uncertainty Index fell 6 points in November to 72, adding to the 4-point drop in October and the lowest reading since May 2018.
The chief economist for the NFIB says the tax cut Congress passed two years ago is creating a favorable environment for small businesses.
“This historic run may defy the expectations of many, but it comes as no surprise to small business owners who understand what a supportive tax and regulatory environment can do for their companies,” said NFIB Chief Economist William Dunkelberg. “As the two-year anniversary of the Tax Cuts and Jobs Act’s passage approaches this month, small businesses, the world’s third largest economy, are using those savings to power the American economy.”