Optimism among small businesses has surged following President Donald J. Trump’s re-election, according to the latest NFIB Small Business Economic Trends. After remaining below its 50-year average for almost three straight years, the Index rose by eight points in November — the largest one-month gain in the survey's history and a return to its highest reading since June 2021.

Here's what you need to know:

• NFIB's Small Business Optimism Index hit 101.7 in November — leapfrogging the 50-year average (98) for the first time in 34 months after an eight-point jump from October.
  
  
• Just before the election, uncertainty among small businesses had reached record highs two months in a row; last month, uncertainty declined by 12 points — suggesting businesses are comforted by President Trump's re-election.
  
  
• There was a 41-point jump in the net share of small businesses expecting the economy to improve (to a net 36% — the highest since June 2020).
  
  
• The net share of small businesses believing it is a good time to expand jumped by eight points (to a net 14% — the highest since June 2021).
  
  
• The net share of small businesses expecting higher real sales volumes jumped by 18 points (to a net 14% — the highest since February 2020).

President Trump's resounding victory means added certainty for future business conditions, NFIB reports — as business owners look forward to tax cuts, deregulation, and policies favorable to strong economic growth and operational expansion.

This isn't the only indication of renewed economic optimism. Both the stock market and crypto markets have also seen explosive growth following the election — an indication of market confidence in President Trump's incoming administration and policies.

After years of prolonged inflationary pressures and Biden-induced uncertainty, Americans re-elected President Trump to get the economy back on track.

The economic resurgence begins on January 20, 2025.