US March NFIB small business optimism index 97.4 vs 101.3 expected

  • Latest data released by NFIB - 8 April 2025

This shouldn't be surprising given what has happened recently.

NFIB Chief Economist Bill Dunkelberg says: "the implementation of new policy priorities has heightened the level of uncertainty among small business owners over the past few months. Small business owners have scaled back expectations on sales growth as they better understand how these rearrangements might impact them."

US NFIB Small Business Optimism Index
US NFIB Small Business Optimism Index

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