|level||96.5||94.9 to 97.0||94.9|
Market Consensus Before Announcement
The small business optimism index is expected to rise sharply to 96.5 in November vs 94.9 in October. Current job openings and plans to increase employment have been two leading strengths of this report, offset by a weak economic outlook and severe weakness in earnings trends in readings that may improve following the November 8 election.
The small business optimism index is compiled from a survey that is conducted each month by the National Federation of Independent Business (NFIB) of its members. The index is a composite of 10 seasonally adjusted components based on the following questions: plans to increase employment, plans to make capital outlays, plans to increase inventories, expect economy to improve, expect real sales higher, current inventory, current job openings, expected credit conditions, now a good time to expand, and earnings trend.
Small businesses are responsible for a majority of new job creation and the NFIB focuses on this sector of the economy. The direction of the health of small businesses can portend changes in the stock market - especially small caps.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.