Comment on Today’s Small Business Trends Report

Date: June 09, 2020

Improvements in eight of 10 SBET index components welcoming news

FOR IMMEDIATE RELEASE
Contact: Riley Johnson, Montana State Director, [email protected]
or Tony Malandra, Senior Media Manager, [email protected]

HELENA, Mont., June 9, 2020—From Riley Johnson, Montana state director for NFIB, which released the latest findings of its Small Business Economic Trends report today. The SBET, also called the Optimism Index, is the nation’s leading measurement of the small-business economy.

“It’s very encouraging to see eight of 10 index components having improved over the previous month’s findings, especially in the plans to increase employment and in the plans to increase inventory categories. It’s important to remember that this poll was taken before last Friday’s signing of the federal law giving more flexibility to small-business owners who took out Paycheck Protection Program loans. I see more than just a glimmer or two of hope for an improving economy, and, coronavirus willing, a speedier recovery than originally thought.”

NFIB Research Center has collected Small Business Economic Trends Data with Quarterly surveys since 1973 and monthly surveys since 1986. The sample is drawn from the membership files of the National Federation of Independent Business (NFIB). The SBET is one of the few archival data sets on small business, particularly when research questions address business operations rather than opinions. Today, it’s the largest, longest-running data set on small business economic conditions available.

“As states begin to reopen, small businesses continue to navigate the economic landscape rocked by COVID-19 and new government policies,” said NFIB’s Chief Economist Bill Dunkelberg. “It’s still uncertain when consumers will feel comfortable returning to small businesses and begin spending again, but owners are taking the necessary precautions to reopen safely.”

Keep up with the latest on Montana small business at www.nfib.com/MT or by following NFIB on Twitter @NFIB_MT

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For more than 77 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.

National Federation of Independent Business/Montana
491 South Park Ave.
Helena, MT 59601
406-443-3797
www.nfib.com/montana
Twitter: @NFIB_MT

 

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