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Optimism among small businesses in the U.S. is rising, but the outlook remains unclear.
Jin10 data August 12 – The confidence of small businesses in the U.S. rose in July, but business owners are increasingly uncertain about the economic outlook, with many concerned about the quality of available labor. The National Federation of Independent Business (NFIB) reported on Tuesday that the small business optimism index rebounded 1.7 points to 100.3 last month, with some businesses believing that conditions have improved and that now is a good time for expansion. However, the uncertainty index from the survey jumped 8 points to 97, with NFIB stating that this "casts a shadow over decisions regarding hiring, pricing, and investment in factories and equipment." The agency attributed the rise in uncertainty to "tariffs, Inflation, and international conflicts such as Gaza."