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The National Federation of Independent Businesses (NFIB) reported that August 's small business optimism index set a new record at 108.8. The highest score of the index was set at age 45 (July 1983) when the index reached 108. The president and chief executive officer of the NFIB, Juanita Duggan, said in the report :
"Today's groundbreaking numbers are a testament to what I hear every day from small business owners – this business is booming.ndscape has changed, as have the expectations and projects of small businesses. We are now seeing the tangible results of these plans as small businesses are posting historically high results, records, sales, investments, profits and hires. "
Duggan also noted in the report that earlier in the positive trend higher in the index was the fact that many of the component gains were dominated by what it calls expectations, namely the right time to grow, the expected actual sales, expected business conditions, etc. , the highlights of the report are related to the actual activity, namely job offers, plans for investment in stocks, investment plans, and so on. These business data support GDP growth in the future. Some of these actual activity data are presented below, with survey components rated at high levels.
Small businesses play a vital role in economic growth, and today's survey indicates that the current economic expansion still has room for improvement.
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