US December NFIB small business optimism index 91.9 vs 90.6 prior
This is the 24th straight month that the index remains below the 50-year moving average of 98. NFIB notes that small businesses remain very pessimistic about the outlook coming into this year, with 23% of firms reporting inflation to be their single-most important problem in business operations - up 1% from November. Adding that while 2023 is now "in the rearview mirror, it will weigh heavily on the 2024 economy". This article was written by Justin Low at www.forexlive.com.
This is the 24th straight month that the index remains below the 50-year moving average of 98. NFIB notes that small businesses remain very pessimistic about the outlook coming into this year, with 23% of firms reporting inflation to be their single-most important problem in business operations - up 1% from November. Adding that while 2023 is now "in the rearview mirror, it will weigh heavily on the 2024 economy".
