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OCTOBER2024NFIB SMALL BUSINESSECONOMIC TRENDS William C. Dunkelberg Holly WadeSMALL BUSINESS OPTIMISM INDEX COMPONENTSSeasonally Adjusted LevelChange from Last MonthContribution to Index ChangePlans to Increase Employment15%0*Plans to Make Capital Outlays22%3*Plans to Increase Inventories2%1*Expect Economy to Improve7*Expect Real Sales Higher5% 4%5*Current Inventory (too low)2%2*Current Job Openings35%1*Expected Credit Conditions6%2*Index
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Assess current economic indicators such as GDP growth, unemployment rates, and inflation.
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Gather data on consumer spending trends and business investment levels.
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Analyze government policies that might affect economic growth, such as tax breaks or stimulus packages.
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Consider global economic conditions that may impact your local economy.
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Compile all data to outline expectations for economic improvement or decline.

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Businesses looking to strategize for growth.
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Policymakers needing data for economic planning.
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Consumers wanting to understand financial stability.
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Economists studying market trends.
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Expect economy to improve refers to a forecast or prediction that economic conditions are likely to get better in the near future, potentially indicated by rising employment rates, increased consumer spending, and enhanced business investments.
There are typically no formal requirements to file an expectation about economic improvement as it is often an analysis made by economists, financial analysts, or government agencies rather than a document that needs to be submitted.
Since there is no official form to fill out for expecting economic improvement, one would generally follow economic indicators and reports, analyzing data on GDP growth, employment statistics, and other relevant economic factors.
The purpose is to provide insights and guidance for investors, policymakers, and businesses to make informed decisions based on predicted economic trends, helping to shape future strategies and actions.
There is no official reporting requirement, but analysts often consider and report on data such as GDP growth rates, unemployment figures, inflation rates, consumer confidence, and market trends that suggest economic recovery.
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