Small business optimism improved in July, up 1.3 points to a better-than-expected 95.4. Employment appears to be tight with one in four small businesses saying they have job openings that are hard to fill. Capital spending plans are also up while on the negative side earnings are down. This is a mostly positive report that points to second-half strength for the economy.
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Recent History Of This Indicator:
The small business optimism index is expected to bounce back to 95.0 in July from June's sharp 4.2 point drop to 94.1. June's report was a surprise, signaling weakness for what proved to be a respectable month for the economy. Job openings and expansion plans, two key components, were especially weak in June. |
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Tuesday, August 11, 2015
Small Business Optimism Improves In July
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