Published: 2025-09-09T11:29:46.000Z
U.S. August NFIB survey - Optimism firmer while price signals slip
Senior Economist , North America
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August’s NFIB index of Small Business Optimism at 100.8 from 100.3 has reached its highest level since January, extending a bounce from June’s pause at 98.6. Most encouragingly, inflationary signals have slipped for a second straight month after a bounce in June.
The net prices index of 21 is the lowest since October 2024, down from 24 in July and 29 in June. Six month expectations of prices also slowed, to 26 from 28, also their slowest since October 2024.
Compensation rose to 29 from 27 but remains below June’s 33. Compensation plans at 20 from 17 are the highest since a matching May. Hiring plans at 15 from 14 are the highest since February. The report is an encouraging one on both activity and prices.
