Small business optimism inched upward 1.4 points in August to a level slightly above the historical 46-year average on the National Federation of Independent Business Optimism Index.
“Small businesses are working hard to recover from the state shutdowns and effects of COVID-19,” NFIB Chief Economist Bill Dunkelberg said in a statement. “We are seeing areas of improvement in the small business economy, as job openings and plans to hire are increasing, but many small businesses are still struggling and are uncertain about what the future will hold.”
NFIB’s Uncertainty Index increased 2 points during the month toa level of 90, its second-highest reading since March 2017.
The full NFIB report can be found here.
