Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Small business optimism plummeted in December, the National Federation of Small Business said Tuesday, falling below trend for the first time since May. The advocacy group's Small Business Optimism Index fell 5.5 points last month to 95.9 when markets had expected 100.3, falling below the average index value since 1973 of 98.0.
"This month's drop in small business optimism is historically very large, and most of the decline was due to the outlook of sales and business conditions in 2021," NFIB chief economist Bill Dunkelberg said in a statement.
Source: Bloomberg
Employers expecting better business conditions over the next six months fell 24 points to a net negative 16%. Sales expectations over the next three months dropped 14 points to a net negative 4% and the percent of owners thinking it's a good time to expand declined 4 points to 8%. The NFIB's Uncertainty Index declined 8 points to 82.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.