The NFIB index climbed to 99.8, surpassing the expected 97.5, signaling improved sentiment among small businesses.
The US NFIB small business optimism index reached 99.8 in July, up from expectations of 97.5. The increase reflects growing confidence amid easing economic pressures, though challenges remain in labor and inflation dynamics.
The prior month’s reading stood at 91.5, marking a notable improvement. Analysts had anticipated a modest rise, but the print exceeded consensus, suggesting resilience in the sector ahead of key inflation data.
Markets showed limited immediate reaction, as focus shifts to the upcoming US CPI report, which could influence Federal Reserve policy expectations.