11.11.202511:00:00UTC+00U.S. Small Business Optimism Dips Slightly in October: NFIB Index Falls to 98.2

The National Federation of Independent Business (NFIB) has reported a slight decline in the optimism of small businesses across the United States for October 2025. The Small Business Optimism Index has decreased to 98.2 from 98.8 in September 2025, signaling a modest shift in sentiment among small business owners.

The latest data, updated on November 11, 2025, suggests that while small businesses continue to navigate ongoing economic uncertainties, there remains a steadfast confidence in the market, albeit with measured caution. The marginal decrease in the index reflects concerns that could be linked to various external factors, such as inflationary pressures, supply chain disruptions, or evolving consumer demand.

Despite the downturn, the overall optimism remains relatively strong, with many business owners still committed to expansion and growth strategies. The NFIB's insights continue to serve as a crucial barometer for understanding the pulse of the backbone of the U.S. economy—its small businesses—highlighting their resilience and adaptability in a fluctuating economic landscape.