In the United States, a growth in small-business confidence was recorded last month, which is a continuation of the upward dynamic of the corresponding indicator that began after the November US presidential election.
The National Federation of Independent Business on Tuesday, January 14, the company released information according to which its Small Business Optimism Index increased by 3.4 points in December, reaching 105.1. It is worth noting that this indicator is the highest since October 2018.
December was the second consecutive month in which the mentioned index in the United States pushed past the 51-year average of 98.
The survey’s Uncertainty Index dropped by 12 points to 86.
According to the results of the November elections, the Republican Party of the United States gained control of the White House and Congress. It is worth noting that small business owners are predominantly Republican supporters.
At the same time, consumer activity in the United States is currently characterized by considerable caution. The relevant situation is related to the fact that US residents fear that the implementation announced by Donald Trump, who won the November presidential election, intends to hike tariffs on imported goods and carry out the mass deportation of undocumented immigrants may cause inflation to accelerate. It is worth noting that many experts warn about the high realism of the corresponding probability.
The results of the University of Michigan’s survey indicate that in January, both one-year and long-run inflation expectations in the United States soared.
As we have reported earlier, US Job Growth Beats Expectations.
