consumer spending forecast is excellent. here's why.



Overall Small Business Holiday Outlook

How are small business owners feeling about the economic outlook as a whole?  Very positive:
  • The most recent Small Business Optimism index report for October 2019 rose slightly to 102.4, which the NFIB calls “historically a very solid reading.” Over the years, the Index has ranged from a record low of about 80 to a high of around  107, to put it in perspective. This means the current optimism is closer to historic highs, and that’s good.
  • The NFIB Uncertainty Index fell 4 points in October to 78 — and that’s also a good thing. The Uncertainty Index measures when owners are not sure about what the future holds. For perspective, one of the most uncertain times was August of 2016 when the score was 87. While there is still some uncertainty with the situation in Washington, this move is positive.
  • The Consumer sentiment numbers are holding up well. They are in the upper ranges historically, as shown by the chart below from Tradenomics / University of Michigan. The red circle shows the current level.

Interested in knowing more about NFIB? Please contact me using the contact information on this page or in this image: 


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