diff --git a/projects/packages/forms/changelog/optimize-inbox-loading-state b/projects/packages/forms/changelog/optimize-inbox-loading-state
new file mode 100644
index 0000000000000..e4435bc9b61dd
--- /dev/null
+++ b/projects/packages/forms/changelog/optimize-inbox-loading-state
@@ -0,0 +1,4 @@
+Significance: patch
+Type: changed
+
+Forms: improve loading state to show spinner immediately when data hasn't loaded.
diff --git a/projects/packages/forms/src/dashboard/hooks/use-inbox-data.ts b/projects/packages/forms/src/dashboard/hooks/use-inbox-data.ts
index 4e821d57204bc..6d85c5636ee36 100644
--- a/projects/packages/forms/src/dashboard/hooks/use-inbox-data.ts
+++ b/projects/packages/forms/src/dashboard/hooks/use-inbox-data.ts
@@ -82,7 +82,7 @@ export default function useInboxData(): UseInboxDataReturn {
 
 	const {
 		records: rawRecords,
-		isResolving: isLoadingRecordsData,
+		hasResolved,
 		totalItems,
 		totalPages,
 	} = useEntityRecords( 'postType', 'feedback', {
@@ -131,12 +131,14 @@ export default function useInboxData(): UseInboxDataReturn {
 		[ countsQueryParams ]
 	);
 
+	const isLoadingData = ! rawRecords?.length && ! hasResolved;
+
 	return {
 		totalItemsInbox,
 		totalItemsSpam,
 		totalItemsTrash,
 		records,
-		isLoadingData: isLoadingRecordsData,
+		isLoadingData,
 		totalItems,
 		totalPages,
 		selectedResponsesCount,