- The small business optimism index from the NFIB fell 2.8 points to 99.7 in July, reversing the 2.9-point gain in June, leaving the index below the 104.5 result from February 2020.
- Details within the report suggest that small business owners are becoming less optimistic about future general economic conditions and about their own business.
- Within the details of the small business survey, the net percentage of respondents expecting better economic conditions (“better” minus “worse”) fell 8 points to -20 in July versus -12 in June.
For further details see:
Small Business Sentiment Drops On Labor And Materials Shortages, Weakening Economic Outlook