NFIB Small Business Optimism Index edges lower to 102.7

The Small Business Optimism Index dropped to 102.7 in December from 104.7 in November and fell short of the market expectation of 103.1, the National Federation of Independent Business' (NFIB) monthly publication showed on Tuesday.

Commenting on the data, "December marked the end of another banner year for the small business economy, as owners took full advantage of strong consumer spending, and federal tax and regulatory relief,” noted NFIB Chief Economist William Dunkelberg. “2020 is starting out with a solid foundation for continued growth, two-years into the Tax Cuts and Jobs Act that’s providing fuel to grow small businesses and their workforce.”