U.S. small-business confidence reached a 2.5-year high in July, with the NFIB Small Business Optimism Index at 93.7.

U.S. small-business confidence rose to a 2.5-year high in July, as the NFIB Small Business Optimism Index increased 2.2 points to 93.7. Despite concerns about inflation, fewer businesses reported raising worker compensation and selling prices. The index has remained below the 50-year average for 31 months but suggests a potential GDP boost, with more businesses planning to increase inventory investment.

August 13, 2024
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