Small business optimism rose 1.7 points in July to 100.3, just above the 51-year average of 98, according to the National Federation of Independent Business’ Small Business Optimism Index report.
The Uncertainty Index increased eight points from June to 97.
“Optimism rose slightly in July with owners reporting more positive expectations on business conditions and expansion opportunities,” NFIB Chief Economist Bill Dunkelberg said in a statement. “While uncertainty is still high, the next six months will hopefully offer business owners more clarity, especially as owners see the results of Congress making the 20% Small Business Deduction permanent and the final shape of trade policy. Meanwhile, labor quality has become the top issue on Main Street again.”
The net percent of owners expecting better business conditions rose 14 points from June to a net 36%.
In July, 16% of owners reported that it is a good time to expand their business, up five points from June.
Read the full report here.
