Stronger Sales Expectations Boost Sentiment Despite Cost Pressures
Source: Economics Group of Wells Fargo Bank, N.A.Summary
The NFIB Small Business Optimism Index surprised to the upside and edged up to 99 in November. The monthly gain largely was the result of an increase in the share of small firms reporting stronger sales expectations and a rise in hiring intentions. Cost pressures are still evident, with a sharp increase in businesses reporting that they recently raised selling prices and are planning to raise compensation.