FYI: After five straight months of declining or flat readings in small business optimism, July’s update from the NFIB showed a big turnaround. With economists expecting the headline index to come in at a level of 103.5, the actual reading came in at 105.2. This puts the index back within a point of its cycle high and indicates that despite a lack of progress in DC, small business owners are seeing improved conditions on the ground. The commentary of the report said as much when it stated that, “Apparently economic activity in the second quarter was good enough to divert owner attention from the impotence of Washington lawmakers. There’s nothing like more customers to make owners happy, and optimism held up as did important measures of spending and hiring plans. Congress still holds the key to faster growth, so let’s hope they open the door.”
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/small-business-confidence-bounces-back/
