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: Patrick Connor, Washington State Director, [email protected]
or Tony Malandra, Senior Media Manager, [email protected]

OLYMPIA, Wash., June 9, 2020—From Patrick Connor, Washington 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.

“As more Washington counties move to phases two and three, allowing more businesses to re-open, it’s reassuring that small-business owners are feeling a bit more optimistic about the future. The past few months have been among the most challenging in recent memory, but Main Street appears poised to lead a much-needed economic recovery.”

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 Washington state small-business news at www.nfib.com/washington or by following NFIB on Twitter @NFIB_WA or on Facebook @NFIB.WA

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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.

NFIB Washington
711 Capitol Way South
Suite 505
Olympia, WA 98501
360-786-8675
NFIB.com/WA
Twitter: @NFIB_WA

 

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