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Optimism of American Small Business Owners Soars, National Group Says

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Small business owners are more optimistic about the prospects of their enterprises than they’ve been for 35 years, according to a regular survey by the National Federation of Independent Businesses. Retail businesses made up about 24 percent of the total enterprises in the survey, according to the NFIB’s August report showing the survey results. (You can download the report by clicking here.)

“The NFIB Small Business Optimism Index soared to 108.8 in August, a new record in the survey’s 45-year history, topping the July 1983 highwater mark of 108,” the NFIB said on its website. Here’s the news release issued Tuesday about the report, along with tables and charts in the full report:

The NFIB Small Business Optimism Index soared to 108.8 in August, a new record in the survey’s 45-year history, topping the July 1983 highwater mark of 108. The record-breaking figure is driven by small business owners executing on the plans they’ve put in place due to dramatic changes in the nation’s economic policy.