Main Street is borderline euphoric about the election of Donald Trump, with small business owners registering levels optimism not seen in nearly a year. The confidence boost comes from expectations of sales gains and improvement in small business owners' outlook for business conditions, according to a report released Tuesday by the conservative lobbying group the National Federation of Independent Business.
The NFIB's optimism index measured confidence pre-and post-election for the first time ever, and it showed a significant jump after the polls closed. The NFIB's historical average is 98, out of a possible 110, and confidence had been fairly stagnant for the past year, coming in at 94.9 in October. Before the election optimism had risen only half a point, to 95.4.
Then, post-election responses led the index to climb to 102.4. Averaged for the month, November's optimism reading came in at 98.4, the second-highest rating since 2011 and among the largest month-over-month increases in that same time period.