WASHINGTON, D.C. — Confirming their view that the nation’s economy is moving solidly ahead, small-business owners nudged the February NFIB Small-Business Optimism Index up four-tenths of a point to 101.5, reinforcing the positive-growth message that they’ve been signaling for some time. The plans of those business owners — who produce half of this country’s GDP — to increase capital spending, build inventories and create jobs confirm that the economy is advancing steadily, according to the National Federation of Independent Business (NFIB).
The data show little change from January, but the change reported is in the right direction. “First-quarter growth will be strong,” predicted NFIB Chief Economist William Dunkelberg. “Of concern, however, was a jump in higher-average selling prices that could dampen prospects for a decline in inflation. But historically strong employment figures are good news for job markets in coming months.”
Source: NFIB Press Release