Small Business Owners’ Optimism Skyrockets Following Trump Victory

Small businesses seem to like a unified Republican government.

President-elect Donald Trump’s victory in the U.S. elections is a giant leap for small businesses, according to a survey of their owners.

The November reading of the National Federation of Independent Businesses’ small business optimism index jumped to 98.4 from 94.9 — its sharpest surge since 2009 — with all of the increase in sentiment coming after the U.S. elections held on Nov. 8.

“This month we bifurcated the data to measure the results before and after the election,” explained Chief Economist Bill Dunkelberg. “The November index was basically unchanged from October’s reading up to the point of the election and then rose dramatically after the results of the election were known.”

Among those who were surveyed following the election, the balance of opinion on whether business conditions were expected to improve skyrocketed from a reading of -6 to a whopping +38. full story

Follow Us

Facebooktwittergoogle_plusrssinstagram

Get Updates!