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The Water Cooler
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Small business optimism surges to highest level ever, topping previous record under Reagan
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<blockquote data-quote="SlugSlinger" data-source="post: 3153699" data-attributes="member: 7248"><p>U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President <a href="https://www.cnbc.com/donald-trump/" target="_blank">Donald Trump</a> and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business.</p><p></p><p>The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey's 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan's presidency. The August figure was up from a 107.9 reading in July.</p><p></p><p><img src="https://fm-static.cnbc.com/awsmedia/chart/2018/8/11/nfibindex.1536662717986.PNG" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p></p><p>The NFIB noted record readings for job creation plans and the amount of owners saying it was a good time to expand. Capital spending plans were the highest since 2007.</p><p></p><p>"Today's groundbreaking numbers are demonstrative of what I'm hearing everyday from small business owners – that business is booming," said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. "As the tax and regulatory landscape changed, so did small business expectations and plans."</p><p></p><p>Small businesses have been <a href="https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-growth-on-fire.html" target="_blank">a key beneficiary of Trump's economic plans</a>. The U.S. economy expanded by 4.2 percent in the second quarter, the fastest pace in nearly four years.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3153699, member: 7248"] U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President [URL='https://www.cnbc.com/donald-trump/']Donald Trump[/URL] and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business. The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey's 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan's presidency. The August figure was up from a 107.9 reading in July. [IMG]https://fm-static.cnbc.com/awsmedia/chart/2018/8/11/nfibindex.1536662717986.PNG[/IMG] The NFIB noted record readings for job creation plans and the amount of owners saying it was a good time to expand. Capital spending plans were the highest since 2007. "Today's groundbreaking numbers are demonstrative of what I'm hearing everyday from small business owners – that business is booming," said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. "As the tax and regulatory landscape changed, so did small business expectations and plans." Small businesses have been [URL='https://www.cnbc.com/2018/09/07/how-trump-has-set-economic-growth-on-fire.html']a key beneficiary of Trump's economic plans[/URL]. The U.S. economy expanded by 4.2 percent in the second quarter, the fastest pace in nearly four years. [/QUOTE]
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Small business optimism surges to highest level ever, topping previous record under Reagan
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