Americaโs small business owners remain surprisingly upbeat in the face of headlines focused on economic turbulence, layoffs, tariffs and a government shutdown.
The latest National Federation of Independent Business (NFIB) ๐๐ฎ๐ข๐ญ๐ญ ๐๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐๐ฑ๐ต๐ช๐ฎ๐ช๐ด๐ฎ ๐๐ฏ๐ฅ๐ฆ๐น for October dipped slightly to 98.2 – but not to worry – that still places it above the 52-year historical average of 98.
And more good news: the ๐จ๐ป๐ฐ๐ฒ๐ฟ๐๐ฎ๐ถ๐ป๐๐ ๐๐ป๐ฑ๐ฒ๐ , which measures the degree of uncertainty small business owners feel about near-term business conditions, dropped by 12 points, its lowest level all year!
Hereโs what else stood out in the October numbers:
โช๏ธ ๐๐ถ๐ฟ๐ถ๐ป๐ด ๐๐ป๐๐ฒ๐ป๐๐ถ๐ผ๐ป๐ ๐ฅ๐ฒ๐บ๐ฎ๐ถ๐ป ๐ฆ๐ผ๐น๐ถ๐ฑ:ย 15% of small businesses plan to create new jobs in the next 3 months.
โช๏ธ ๐ฆ๐ฎ๐น๐ฒ๐ ๐๐
๐ฝ๐ฒ๐ฐ๐๐ฎ๐๐ถ๐ผ๐ป๐ ๐๐ฒ๐ฎ๐ ๐๐ถ๐๐๐ผ๐ฟ๐ถ๐ฐ๐ฎ๐น ๐ก๐ผ๐ฟ๐บ๐: Net 6% expect higher sales โ well above the long-term average of 0โ2%.
โช๏ธ ๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐ถ๐ ๐๐ผ๐น๐ฑ๐ถ๐ป๐ด ๐ฆ๐๐ฟ๐ผ๐ป๐ด: 23% plan capital outlays in the next 6 months, signaling confidence in future growth.
โช๏ธ๐ญ๐ฏ% ๐ผ๐ณ ๐ผ๐๐ป๐ฒ๐ฟ๐ ๐๐ฎ๐ ๐ถ๐โ๐ ๐ฎ ๐ด๐ผ๐ผ๐ฑ ๐๐ถ๐บ๐ฒ ๐๐ผ ๐ฒ๐
๐ฝ๐ฎ๐ป๐ฑ: a modest figure, but up 2 points from September.
๐ก ๐๐ฟ๐ผ๐๐๐น๐ถ๐๐๐โ ๐ง๐ฎ๐ธ๐ฒ:
Weโre seeing this optimism mirrored in our data as well – especially in sectors like construction, healthcare, and food services. These industries are leading the way in new business formation and are showing signs of long-term investment and resilience.
The small business story is more than just surviving – itโs about adapting, expanding, and fueling the economy from the ground up.
๐ค ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป ๐ณ๐ผ๐ฟ ๐ฌ๐ผ๐:
๐๐ฉ๐ข๐ต ๐ด๐ช๐จ๐ฏ๐ด ๐ฐ๐ง ๐ฐ๐ฑ๐ต๐ช๐ฎ๐ช๐ด๐ฎ ๐ข๐ณ๐ฆ ๐บ๐ฐ๐ถ ๐ด๐ฆ๐ฆ๐ช๐ฏ๐จ ๐ฐ๐ฏ ๐บ๐ฐ๐ถ๐ณ ๐๐ข๐ช๐ฏ ๐๐ต๐ณ๐ฆ๐ฆ๐ต ๐ฐ๐ณ ๐ช๐ฏ ๐บ๐ฐ๐ถ๐ณ ๐ด๐ฆ๐ค๐ต๐ฐ๐ณ?
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