AUSTIN – The Small Business Optimism Index posted its sixth-highest reading in survey history for the month of June, at 107.2, down 0.6 from May.
Since December 2016, the Index has averaged an unprecedented 105.4, well above the 45-year average of 98 and rivaling the all-time high of 108.0 in July 1983.
“Small business owners continue to report astounding optimism as they celebrate strong sales, the creation of jobs, and more profits,” said NFIB President and CEO Juanita Duggan. “The first six months of the year have been very good to small business thanks to tax cuts, regulatory reform, and policies that help them grow.”
State-specific data is unavailable, but NFIB Texas Legislative Director Annie Spilman said, “Our members have confidence in the economy, so they’re comfortable reinvesting in their businesses and adding positions.”
June highlights include owners reported some of the strongest nominal sales in years and plans to invest in additional inventories.