Recently, the United States has been showing great economic performance even despite concerns of a recession. Thus, the Small Business Optimism Index in the US showed the record increase in November reaching its highest level since May 2018. According to the National Federation of Independent Business (NFIB), small business optimism had a November reading of 104.7. Overall, 7 out of 10 index components advanced last month. NFIB reports that business owners are actively investing in equipment, hiring new employees, and regularly raising wages. A spike in the optimism index results from steadily rising profit. A growing number of small businesses have reported an increase in profit and in turnover. At the same time, concerns over recession among owners are waning what creates general optimistic forecasts and positive business sentiment. “Owners are aggressively moving forward with their business plans, proving that when they’re given relief from the government, they put their money where their mouth is, and they invest, hire, and increase wages,“ said NFIB Chief Economist William Dunkelberg referring to tax relief and stimulating regulation. Saved funds are used for extending business and raising compensations.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
-
Grand Choice
Contest by
InstaForexInstaForex always strives to help you
fulfill your biggest dreams.JOIN CONTEST -
Chancy DepositDeposit your account with $3,000 and get $9000 more!
In May we raffle $9000 within the Chancy Deposit campaign!
Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.JOIN CONTEST -
Trade Wise, Win DeviceTop up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.JOIN CONTEST