News

US January NFIB small business optimism index 101.2 vs 103.0 expected

Latest data released by NFIB – 12 February 2019

ForexLive

The data was initially scheduled for release at 1100 GMT but has been released by the source earlier today here. This is an index which measures the opinion of small businesses on the economic conditions in the country.

It’s a notable dip in sentiment as the reading falls to a two-year low amid the US government shutdown seen last month. Current business operations are reportedly still going strong but it is the expectations about the future that are a little shaky, with the report’s uncertainty index rising by 7 points to 86 – the fifth highest reading in the survey’s history (45 years).

Overall, the reading here is still decent as it is still elevated as compared to historical levels but the declining trend shows some element of uncertainty regarding the outlook of the US economy and that’s something traders should take note of.

Articles You May Like

Euro Fundamental Outlook: EURUSD Crumbles on Euro-Zone Growth Fears
Crude Oil Price May Recoil at Chart Barrier as Market Mood Sours
GBPUSD below lower trend line on the hourly
UK spending splurge could have further to run – ING
EUR/USD: No reaction to US data, looks to warp up week around mid-1.12s

Leave a Reply

Your email address will not be published. Required fields are marked *