Small business optimism jumps to 6-year high after Trump wins

America’s small business owners feel better about the economy than they have in six years, just in case President-elect Trump Back to the White House.

The National Federation of Independent Business (NFIB) Small Business Optimism Index jumped 3.4 points to 105.1 in December, the highest reading since October 2018.

This is it Second reading in a row Above the 50-year average, after the November index broke the 2.5-year line in the same month Trump won.

Meanwhile, the NFIB’s Uncertainty Index fell 12 points last month, to 86.

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“Optimism on Main Street continues to grow as the economic outlook improves after the election,” said Bill Dunkelberg, chief economist at NFIB. “Small business owners feel more certain and hopeful about the new administration’s economic agenda.”

Dunkelberg added, “Expectations for economic growth, low inflation, and positive business conditions have increased in anticipation of supportive business policies and legislation in the new year.”

The poll comes as it is outgoing Biden-Harris administration It continues to promote its economic policies, citing growth and low unemployment. But high inflation and strict regulations in the past four years have taken their toll on the high street.

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Trump has pledged to cut regulations, as he did during his first term, and make his signature tax cuts permanent when he returns to the Oval Office.

In the latest NFIB survey, the net percentage of owners who expect the economy to improve rose 16 points since November to a seasonally adjusted 52%, the highest percentage since the fourth quarter of 1983.

Percentage of Small business Business owners who believe this is a good time to expand their businesses also rose, rising six points to a seasonally adjusted 20%, the highest reading since February 2020.

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The net percentage of owners expecting actual sales volumes to rise rose eight points to net 22%, the highest reading since January 2020.

Inflation remained the single most important issue for small business owners in running their businesses according to the December survey, with 20% of respondents listing it as their biggest annoyance. But finding good workers was not far behind, with 19% saying this was their biggest problem.