The following call returns monthly values of the Small Business Optimism Index from June 2010 to December 2010. Labor quality was the top business problem at 24, with inflation in second place by one point at 23. This marks the 16 th consecutive month below the survey’s 49-year history of 98. The value to pass into the stored procedure for the parameter (May 9, 2023) NFIB’s Small Business Optimism Index decreased by 1.1 points in April to 89.0. Name of the parameter as defined in the stored procedure Each parameter consists of the following elements:

params – An array of parameters definitions and settings for each parameter required by the stored procedure. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose 0.6 point to 91.9 last month amid an improvement in the share of owners who expected better.

app_name – This is the API Key that should always be passed in the call.

The outgoing request should consist of the following HEADER parameters: Please note that a POST should always be used to call an SBET stored procedure and the required parameters should be added in the HTTP Header.

Therefore, to call a stored procedure that requires parameters the following URI format should be used:

Survey Questions and Response Distributions (Coming Soon)Īll results from SBET are returned using stored procedures with parameters in the backend database.

Developers can make custom calls to the API and receive the results in JSON format.ĭevelopers can access the following datasets from 1974 to the current month and year: MARK WILSON/GETTY IMAGESĬomerica Bank’s Chief Economist Bill Adams told Zenger News, “Small business outlook looks less glum after debt ceiling deal and inflation easing entrepreneurship is booming despite weak small business sentiment.NFIB’s SBET platform offers a REST API to allow users to perform queries of available SBET data using selection parameters. Small business owners expressed a less negative view than in previous months. The outlook for business conditions over the next six months also showed improvement. Washington, DC, July 11, 2023-The NFIB Small Business Optimism Index increased 1.6 points in June to 91.0, however, it is the 18th consecutive month below the 49-year average of 98. The outlook for business conditions over the next six months also showed improvement.

That’s a slight drop from the previous month, but still at a historically high level. Twenty-two percent of owners reported that inflation was their single most important problem.

One of the 10 Index components improved, seven declined and two were unchanged. About 42% of owners reported job vacancies that were challenging to fill. 1 NFIB Small Business Economic Trends Monthly Report OPTIMISM INDEX The Optimism Index decreased slightly in January by 1.8 points to 97.1. Yet, there are signs of resilience and optimism. “Owners are still raising selling prices at an inflationary level to try to pass on higher inventory, labor, and energy costs.” The NFIB Uncertainty Index increased two points to 73. “Inflation and labor shortages continue to be great challenges for small businesses,” NFIB Chief Economist Bill Dunkelberg said. The NFIB Small Business Optimism Index declined 1.4 points in February to 95.7, still below the 48-year average of 98. The NFIB’s Small Business Optimism Index rose 1.6 points in June to 91 - the highest monthly jump since August 2022. TOM WILLIAMS/GETTY IMAGES

Nfib small business optimism index