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- U.S. small business optimism improves in July
U.S. small business optimism improves in July
The National
Federation of Independent Business (NFIB) reported on Tuesday the Small
Business Optimism Index increased by 1.4 points to 104.7 in July, recovering
after a 1.7-point drop posted in June.
The July increase
in the headline index was attributable to an improvement in expectations for business
conditions, real sales, and expansion.
According to
the report, seven of 10 index components advanced, two declined, and one was
unchanged. It also revealed that small business owners’ plans to create new
jobs and make capital outlays increased and earnings trends improved, helped by
a solid improvement in sales trends. In addition, plans to order new
inventories posted a solid gain.
“While many are
talking about a slowing economy and possible signs of a recession, the 3rd
largest economy in the world continues to defy expectations, generating output,
creating value, and expanding the economy,” noted NFIB President and CEO
Juanita D. Duggan. “Small business owners want to grow their operations, and
the only thing stopping them is finding qualified workers.”
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