NFIB US small business optimism index rises to 91.5 in June

9th Jul 2024 08:08

(Sharecast News) - The National Federation of Independent Business' business optimism index rose to 91.5 in June, up from 90.5 a month earlier, for the highest reading since the start of 2024.

The reading came in ahead of expectations for a slowdown to 89.5 but remained well and truly belpw the long-term average of 98.

NFIB chief economist Bill Dunkelberg said: "Main Street remains pessimistic about the economy for the balance of the year.

"Increasing compensation costs has led to higher prices all around. Meanwhile, no relief from inflation is in sight for small business owners as they prepare for the uncertain months ahead."