NFIB optimism index fell to 95.9, missing the 96.1 estimate and signaling cautious economic outlook among small firms.
The National Federation of Independent Business’s April small business optimism index declined to 95.9, below the 96.1 consensus forecast. The reading follows a prior month print of 95.8, reflecting persistent uncertainty among small enterprises.
Economists had anticipated a slight uptick in sentiment, but the index remained near multi-month lows. Small businesses continue to face challenges including labor shortages, inflation pressures, and uneven demand recovery.
Market reaction was muted, with traders focusing on broader macroeconomic indicators and upcoming inflation data.