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NFIB Small Business Economic Trends
The Small Business Optimism Index improved, increasing 1.7 points to 103.5. One Index component fell, one was unchanged, and eight improved. Last month’s soft spot in inventories improved and profit trends posted a very solid advance. The labor market indicators improved, with a solid gain in job creation plans and continued reports of strong hiring. Expectations for sales, business conditions and credit conditions all posted gains. Inflation pressures remained subdued, even though reports of compensation gains are at historically high levels. Overall, the Index remains at a historically very strong level, ... (full story)