Track the US NFIB Small Business Index to gauge economic health and small business confidence, crucial for market trends.
Small businesses are classified as independent for-profit entities that employ between 1 and 250 individuals, excluding the owners.
What it Measures
This indicator is a composite index derived from surveys of small businesses.
Usual Effect
When the 'actual' result exceeds the 'forecast', it is considered positive for the currency.
Source & Frequency
NFIB (latest release) - https://www.nfib.com/ • The data is released monthly, on the second Tuesday following the end of the month.
How Data is Derived
Survey of small businesses which asks respondents to rate the relative level of economic conditions including labor markets, inventories and sales, capital spending, inflation, earnings and wages, and credit markets
Also Known As
N/A
Acronym
National Federation of Independent Business (NFIB)