Small business owners planning to make capital expenditures in the next three to six months reached its highest level since 2006, according to the National Federation of Independent Business (NFIB) Index of Small Business Optimism. The NFIB Index rose 0.1 points to 105.3. Five of the components increased, while five declined. The lofty reading keeps intact a string of historically high performances extending back to last November.
Plans to make capital outlays were most common among professional services firms (46%), followed by manufacturing (38%), wholesale trades (36%), agriculture (33%), and construction (33%).