US Small business confidence perks up

US Small business confidence perks up


Small business owners’ confidence about their economic situation was little altered in June, according to a report produced on Tuesday.

After bouncing from the unexpected and sharp fall in August in July, the National Federation of Independent Businessis smallbusiness optimism index rose slightly in July to 95.9 from 95.4.

Economists surveyed by The Wall Street Journal projected a reading of 95.5.

“Owners didn’t seem to be overly concerned about the antics of the stock market,” said William Dunkelberg, chief economist at the trade group, although he noted that most of the interviews for the August report were done before growing concerns over the Chinese economy roiled global markets. 

five of the 10 subindexes of the survey increased. The catalog’s general increase was spaced profits and by job opportunities trends, which both rose four points.

The advance in spaces used another record from the NFIB the other day that confirmed a growing amount of companies are having a difficult time locating qualified candidates.

Two aspects of the NFIB’s survey, selections and capital outlays, were not raised last month.

The three subindexes that were rejected. The features testing expansion plans, credit objectives and business conditions on the next 6 months each gave up two logical points from July.