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The Index of Small Business Optimism rose one-tenth of a point in July to 94.6, a meager increase showing no real enthusiasm for expansion, expected sales and making capital outlays, according to the National Federation of Independent Business.Four of the 10 Index components posted a gain, four declined, and two were unchanged. The outlook for business conditions in the next six months continued to improve, gaining 16 percentage points since January, but more owners still expect conditions to be worse than expect improvement.Owners are still reporting that they cannot find qualified workers and cite it as their third “Single Most Important Business Problem.”  Earnings trends and expectations of higher sales also worsened. And the political climate continues to be the second most frequently cited reason for why owners think the current period is a bad time to expand after economic conditions.
Published in Finance
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