NFIB Small Business Optimism Index Dropped in March 2011

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The Index of Small Business Optimism gave up 2.6 points in March, falling to 91.9. The decline in the percent of owners expecting higher real sales and better business conditions in six months account for 76% of the decline in the Index. http://www.nfib.com/sbetreport

Transcript of NFIB Small Business Optimism Index Dropped in March 2011

Page 1: NFIB Small Business Optimism Index Dropped in March 2011

1http://www.nfib.com/sbetreport

OVERVIEW OF SMALL BUSINESS OPTIMISM APRIL 2011

Based on Ten Survey Indicators(Seasonally Adjusted 1986=100)

80

90

100

110

86 88 90 92 94 96 98 00 02 04 06 08 10

YEAR

Index

Val

ue (

1986=

100)

The Index of Small Business Optimism gave up 2.6 points in March, falling to 91.9. The decline in the percent of owners expecting higher real sales and better business conditions in six months account for 76% of the decline in the Index.

Page 2: NFIB Small Business Optimism Index Dropped in March 2011

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SMALL BUSINESS OUTLOOK APRIL 2011

Good Time to Expand and Expected General Business Conditions

January 1986 to March 2011(Seasonally Adjusted)

-40

-20

0

20

40

60

80

0

10

20

30

86 88 90 92 94 96 98 00 02 04 06 08 10

YEAR

Perc

en

t “G

oo

d T

ime t

o E

xp

an

d”

Per

cent

“Bet

ter”

Min

us

“Wors

e”

Exp

ecte

d G

ener

al B

usi

nes

s C

onditio

ns

Page 3: NFIB Small Business Optimism Index Dropped in March 2011

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Actual Last Three MonthsJanuary 1986 to March 2011

(Seasonally Adjusted)

SMALL BUSINESS EARNINGSAPRIL 2011

-50

-40

-30

-20

-10

0

86 88 90 92 94 96 98 00 02 04 06 08 10

YEAR

Net

Perc

en

t

Page 4: NFIB Small Business Optimism Index Dropped in March 2011

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SMALL BUSINESS SALESAPRIL 2011

Actual (Prior Three Months) and Expected (Next Three Months)January 1986 to March 2011

(Seasonally Adjusted)

-40

-30

-20

-10

0

10

20

30

40

50

86 88 90 92 94 96 98 00 02 04 06 08 10

Expected

Actual

YEAR

Net

Perc

en

t

Page 5: NFIB Small Business Optimism Index Dropped in March 2011

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SMALL BUSINESS PRICESAPRIL 2011

Actual Last Three Months and Planned Next Three Months

January 1986 to March 2011 (Seasonally Adjusted)

-30

-20

-10

0

10

20

30

40

86 88 90 92 94 96 98 00 02 04 06 08 10

Planned

Actual

YEAR

Net

Perc

en

t o

f Fir

ms

Page 6: NFIB Small Business Optimism Index Dropped in March 2011

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SMALL BUSINESS EMPLOYMENTAPRIL 2011

Planned Next Three Months and Current Job Openings

January 1986 to March 2011 (Seasonally Adjusted)

-10

0

10

20

30

40

86 88 90 92 94 96 98 00 02 04 06 08 10

Planned

Job Openings

YEAR

Perc

en

t

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SMALL BUSINESS COMPENSATIONAPRIL 2011

Actual Last Three Months and Planned Next Three Months

January 1986 to March 2011 (Seasonally Adjusted)

-5

0

5

10

15

20

25

30

35

40

86 88 90 92 94 96 98 00 02 04 06 08 10

YEAR

Planned Higher

Actual Higher

Net

Perc

en

t

Page 8: NFIB Small Business Optimism Index Dropped in March 2011

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SMALL BUSINESS PRICES & LABOR COMPENSATION

APRIL 2011

Net Percent Increase and Net Percent Compensation

(Seasonally Adjusted)

-30

-20

-10

0

10

20

30

40

86 88 90 92 94 96 98 00 02 04 06 08 10

Actual Prices

Actual Compensation

YEAR

Page 9: NFIB Small Business Optimism Index Dropped in March 2011

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SMALL BUSINESS CREDIT CONDITIONSAPRIL 2011

Loan Availability Compared to Three Months Ago(For the population borrowing at least once every three months)

January 1986 to March 2011

-18

-16

-14

-12

-10

-8

-6

-4

-2

0

2

86 88 90 92 94 96 98 00 02 04 06 08 10

YEAR

Net

Perc

en

t o

f Fir

ms