The United States economy continued to roar to life under President Trump and the Republican-controlled Congress in August, with new data showing small business optimism smashing expectations and reaching the highest level in recorded history.
According to CNBC, the NFIB Small Business Optimism Index surged to 108.8 last month; reaching the highest level in the survey’s 45-year history and beating the previous record reached under President Reagan at 108 in 1983.
“The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. The August figure was up from a 107.9 reading in July,” writes CNBC.
“Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming,” said the NFIB President and CEO. “As the tax and regulatory landscape changed, so did small business expectations and plans.”
Read the full story at CNBC.