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U.S. Small Business Confidence Improves In July - NFIB

By Jyotsna V   ✉   | Published:   | Follow Us On Google News
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Small business optimism in the U.S. strengthened in July after eroding in the previous month as business expectations turned positive despite a rise in uncertainty, results of a monthly survey by the National Federation of Independent Businesses showed on Tuesday.

The NFIB Small Business Optimism Index rose 1.7 points to 100.3 from 98.6 in June. The reading was slightly above the 52-year average of 98, the trade body said.

"Optimism rose slightly in July with owners reporting more positive expectations on business conditions and expansion opportunities," NFIB Chief Economist Bill Dunkelberg said.

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