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NFIB Small Business Optimism Nudges Off Nine-Year Low

US DATA
  • A small beat for the NFIB optimism index in July as it ticked up 0.4pts to 89.9 versus consensus for no change at June’s nine-year low of 89.5.
  • The improvement came as a net -52% of owners saw better business conditions over the next six months after a record low of -61% in June.
  • The share reporting inflation as their single largest problem increased 3pts to 37%, the highest since 1979, although in signs of moderation the share raising average selling prices decreased 7pts to a net 56% - a significant decline but still inflationary according to the NFIB.
Energy BulletsCommodities
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