NFIB Small Business Survey: Optimism Recovered Slightly In May

Summary

• The NFIB Small Business Optimism Index increased for the first time in five months, rising to 98.8 in May.
• The net percent of small business owners expecting higher sales volume increased and contributed the most to the index's improvement.
• The net percent of small business owners expecting better business conditions increased.

Luis Alvarez

By Jennifer Nash

The NFIB Small Business Optimism Index increased for the first time in five months, rising to 98.8 in May. The latest reading was above the 95.9 forecast and pushes the index back above its historical average