NFIB Business Optimism Index in the United States decreased to 98.60 points in June from 98.80 points in May of 2025. This dataset provides - United States Nfib Business Optimism Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In August 2024, the U.S. Small Business Optimism Index amounted to 91.2. This is a slight decrease from a value of 93.7 in the previous month. The index consists of 10 indicators derived from questions addressing small business owners: Plans to create 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; earnings trends.

This dataset provides values for SMALL BUSINESS SENTIMENT reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Small Business Sentiment in the United Kingdom increased to -1 points in the first quarter of 2024 from -13 points in the fourth quarter of 2023. This dataset provides the latest reported value for - United Kingdom Small Business Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria Business Confidence Index: Current Month: Small (10-49) data was reported at 21.000 % Point in Feb 2025. This records an increase from the previous number of 20.300 % Point for Jan 2025. Nigeria Business Confidence Index: Current Month: Small (10-49) data is updated monthly, averaging 2.550 % Point from Jul 2023 (Median) to Feb 2025, with 20 observations. The data reached an all-time high of 28.900 % Point in Dec 2024 and a record low of -60.300 % Point in Feb 2024. Nigeria Business Confidence Index: Current Month: Small (10-49) data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.S004: Business Confidence Index by Size of Business.

The Business Confidence Index (BCI) of the United Kingdom was 98.7 in May 2025, compared with 99 in the previous month, an indication that business confidence is falling in the UK. During this time period, business confidence was highest in late 2021, and was at its lowest point in March 2009. Taxation overtakes inflation as main business concern In the third quarter of 2023, inflation was seen by 65 percent of UK firms as a major external concern facing their business. At that time, the UK's inflation rate was still at the relatively high figure of 6.7 percent, although this was down from a peak of 11.1 percent in October 2022. As the rate of inflation continued to fall in 2024, the issue became slightly less pressing for UK businesses, with 49 percent seeing it as a main concern in the second quarter of 2024, although it was still ahead of other issues. In the second half of 2024, however, taxation has emerged as the main worry for UK firms, with 63 percent of businesses citing it as an external concern in the fourth quarter of 2024. This is likely related to the rise in National Insurance businesses will have to pay from April 2025 onwards, one of the main measures announced in the Autumn Budget in October 2024. UK business demographics In 2024, there were approximately 5.5 million private business enterprises in the UK, which was down from a peak of 5.98 million in 2020. As of this year, the UK's private sector workforce was around 27.6 million, compared with 6.1 million who worked in the public sector. While most businesses in the UK are small enterprises that employ fewer than ten people, the UK's large businesses are responsible for employing a large share of the workforce, with around 8.2 million people working for large businesses in 2024. The biggest UK-based company, in terms of global employees in 2024 was the Compass Group, with a global workforce of around half a million, followed by Tesco at 345,000 employees.

In August 2024, a net ** percent of surveyed small business owners in the United States had plans to increase employment in the coming three months. Additionally, around ** percent of said that they had current job openings.

Small & Medium Business Survey: Support for Govt Policies: Supportive of Small Business data was reported at 55.000 % Point in Aug 2020. This records an increase from the previous number of 27.400 % Point for Feb 2020. Small & Medium Business Survey: Support for Govt Policies: Supportive of Small Business data is updated quarterly, averaging 29.000 % Point from Aug 2019 (Median) to Aug 2020, with 4 observations. The data reached an all-time high of 55.000 % Point in Aug 2020 and a record low of 27.400 % Point in Feb 2020. Small & Medium Business Survey: Support for Govt Policies: Supportive of Small Business data remains active status in CEIC and is reported by Sensis. The data is categorized under Global Database’s Australia – Table AU.S033: Sensis Business Index: Small and Medium Business Outlook & Confidence Survey: New.

Small Business Sentiment in the United States increased to 51.67 in February from 49.03 in January of 2015. This dataset provides the latest reported value for - US Small Business Health Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria Business Confidence Index: Next Month: Small (10-49) data was reported at 22.000 % Point in Feb 2025. This records a decrease from the previous number of 24.100 % Point for Jan 2025. Nigeria Business Confidence Index: Next Month: Small (10-49) data is updated monthly, averaging 17.650 % Point from Jul 2023 (Median) to Feb 2025, with 20 observations. The data reached an all-time high of 45.200 % Point in Apr 2024 and a record low of -6.300 % Point in Feb 2024. Nigeria Business Confidence Index: Next Month: Small (10-49) data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.S004: Business Confidence Index by Size of Business.

Small Business Sentiment in Australia increased to -8 points in the first quarter of 2025 from -12 points in the fourth quarter of 2024. This dataset provides the latest reported value for - Australia Small Business Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Nigeria Business Confidence Index: Next Month: Small data was reported at 69.400 % Point in Jun 2018. This records an increase from the previous number of 68.100 % Point for May 2018. Nigeria Business Confidence Index: Next Month: Small data is updated monthly, averaging 68.100 % Point from Feb 2018 (Median) to Jun 2018, with 5 observations. The data reached an all-time high of 69.900 % Point in Apr 2018 and a record low of 54.500 % Point in Feb 2018. Nigeria Business Confidence Index: Next Month: Small data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.S002: Business Confidence Index.

Small Business Market size was valued at USD 1901 Billion in 2023 and is projected to reach USD 3305 Billion by 2031, growing at a CAGR of 8.6% during the forecast period 2024-2031.

Global Small Business Market Drivers

The market drivers for the Small Business Market can be influenced by various factors. These may include:

Digital Transformation: Small businesses are increasingly adopting digital tools and technologies to streamline operations, enhance customer engagement, and gain a competitive edge. Cloud computing, e-commerce platforms, CRM systems, and digital marketing are among the key technologies that small businesses are leveraging to scale and improve efficiency. This digital shift has been accelerated by the COVID-19 pandemic, which underscored the necessity of having an online presence and digital infrastructure. Access to Capital: Small business financing is becoming more accessible, with the rise of alternative lending platforms, microloans, and crowdfunding. Traditional banks are also adapting by offering more flexible loan products tailored to small businesses. Government initiatives and grants aimed at stimulating economic recovery post-pandemic have provided additional sources of funds, empowering small business growth and expansion. Remote Work and Flexibility: The trend toward remote work has opened new possibilities for small businesses to tap into talent pools beyond their geographic confines. This flexibility not only helps in cutting operational costs related to office space but also attracts a diverse workforce. Hybrid and remote working models have forced small businesses to adopt agile practices and invest in collaboration tools and cybersecurity measures. Consumer Preference for Local and Niche Products: There is a growing consumer trend favoring local, unique, and ethically sourced products. Small businesses have capitalized on this by offering personalized and authentic customer experiences that big corporations can’t easily replicate. Emphasizing local origins and sustainability often resonates well, driving customer loyalty and repeat business. Regulatory Changes: Changes in regulatory landscapes, including tax reforms, labor laws, and trade policies, can significantly impact small businesses. For instance, the recent shifts towards more favorable tax regulations for small and medium enterprises (SMEs) can ease financial burdens and encourage entrepreneurship. Compliance with new standards also drives innovation as small businesses adapt and optimize their operations. Technological Integration and Automation: The integration of AI and automation in small business operations is on the rise. These technologies help in optimizing supply chains, enhancing customer service with chatbots, and driving data-driven decision-making processes. Automation tools that manage inventory, customer relationships, and financial transactions reduce manual workloads and improve efficiency. Economic Recovery and Consumer Spending: The post-pandemic economic recovery has generally boosted consumer confidence and spending, which in turn benefits small businesses. Government stimulus packages and economic incentives have further stimulated spending and investment in the SME sector, leading to growth opportunities and market expansion. E-commerce Growth: The massive shift towards online shopping has opened up new sales channels for small businesses. E-commerce platforms like Shopify, Etsy, and Amazon make it easier for small businesses to reach a global audience. Additionally, advancements in payment gateways, logistics, and delivery services support small businesses in managing and fulfilling online orders seamlessly. Business Support Ecosystems: There is an expanding ecosystem of incubators, accelerators, mentoring programs, and business networks that offer crucial support to small businesses. These platforms provide funding, advocacy, mentorship, and educational resources, creating a robust support system that helps small businesses thrive and scale. Sustainability and Green Practices: Growing awareness and concern for the environment have led small businesses to adopt sustainable and eco-friendly practices. Whether it’s reducing carbon footprints, utilizing renewable energy, or offering green products and services, these practices appeal to environmentally conscious consumers and can lead to cost savings and enhanced brand reputation.

Nigeria Business Confidence Index: Current Quarter: Small data was reported at 14.500 % Point in Dec 2017. This records an increase from the previous number of -5.600 % Point for Sep 2017. Nigeria Business Confidence Index: Current Quarter: Small data is updated quarterly, averaging 13.235 % Point from Jun 2008 (Median) to Dec 2017, with 39 observations. The data reached an all-time high of 63.556 % Point in Dec 2009 and a record low of -30.000 % Point in Mar 2017. Nigeria Business Confidence Index: Current Quarter: Small data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.S003: Business Confidence Index: Quarterly.

Small Business Sentiment in Japan decreased to 1 points in the second quarter of 2025 from 2 points in the first quarter of 2025. This dataset provides - Japan Small Business Sentiment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Small Business Sentiment in Canada increased to 47.30 points in June from 40 points in May of 2025. This dataset provides - Canada CFIB Business Barometer Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Small Business Sentiment in Brazil decreased to 45.60 points in April from 46.50 points in March of 2025. This dataset provides the latest reported value for - Brazil Small Business Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Russia Business Confidence Growth

• Russia Business Confidence dropped by 2.0 % in Feb 2025, compared with a decrease of 1.0 % YoY in the previous month.
• Russia Business Confidence: YoY Change is updated monthly, available from Jan 2006 to Feb 2025, with an averaged rate of 1.0 %.
• The data reached an all-high of 12.0 % in Aug 2010 and a record low of -22.0 % in Jan 2009.

CEIC calculates Business Confidence Change from monthly Entrepreneur Confidence Indicator. The Federal State Statistics Service provides Entrepreneur Confidence Indicator compiled in accordance with OKVED 2, which ranges from -100 to 100 with neutral point 0. Business Confidence covers Manufacturing sector only and excludes small businesses. Business Confidence prior to January 2017 is based on OKVED.

Business Confidence in the United Kingdom increased to -33 points in the second quarter of 2025 from -47 points in the first quarter of 2025. This dataset provides - United Kingdom Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Outline of Business Confidence Indicators measurement concepts: Estimates in Small Areas of the Canary Islands.