Latest data released by NFIB - 11 December 2018
- Prior 107.4
The data was supposed to be released at the top of the hour but the source website has it out already here. This is an index which measures the opinion of small businesses on the economic conditions in the country. It's the lowest reading since April but relative to historical levels, this is still a very solid print.
NFIB notes that the drag comes from weaker expected business conditions and expected real sales. But as a whole, small businesses continue to look upbeat and optimistic about the economy. The release here is a minor data point but keep an eye out on small data like these moving forward as they could provide rough indication of a turnaround in economic sentiment if it does start to happen; especially now with yield curve inversion and recession talks rather rampant.
The dollar holds weaker for the most part on the day with EUR/USD at 1.1382 currently and USD/JPY still hovering around 113.13 despite the fact that E-minis have recovered rather well on the day to move into positive territory.
