Provided by Dow Jones By Xavier Fontdegloria Small-business owners in the U.S. grew slightly more upbeat in February as the job market tightened and earnings improved, data from a survey compiled by the National Federation of Independent Business showed Tuesday. The NFIB Small Business Optimism Index was 95.8 in February, up 0.8 points from January but still below the average reading of 98. The reading missed economists forecasts, who polled by The Wall Street Journal expected the index to increase to 96.5. The rise in February, albeit small, breaks a three-month consecutive fall for the indicator. The optimism index stood at 104.5 one year ago, the last reading before the Covid-19 pandemic hit the U.S.
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Small Business Optimism Improves Slightly in February
9 Mar 2021
Small business shook off some of their blues in February, becoming slightly more upbeat as the labor market tightened and earnings grew, data from a survey by the National Federation of Independent Business showed Tuesday.
The NFIB Small Business Optimism Index rose eight-tenths of a percentage point to 95.8 in February. That was slightly below the consensus forecast for 96 and below the historical average of 98.
This was the first improvement for the index this winter. It had declined in each of the previous three-months as covid infections surged and states reimposed restrictions on businesses.
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