US Small Business Optimism Hits 3-Year High As Election Results 'Signal A Major Shift'

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US Small Business Optimism Hits 3-Year High As Election Results 'Signal A Major Shift' - Benzinga

Quick Summary:

"The election results signal a major shift in economic policy, leading to a surge in optimism among small business owners," said NFIB chief economist Bill Dunkelberg.

The Small Business Optimism Index surged to 101.7 in November 2024, marking a a significant rebound from October's 93.7, as reported by the National Federation of Independent Business (NFIB) on Friday.

The biggest driver of the optimism surge was the net percent of owners expecting economic improvement, which jumped 41 points from October to reach 36%, the highest reading in over four years.