NFIB Weekly News

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Small Business Optimism Sees Comeback In July (08/13/2019)

The NFIB Small Business Optimism Index (8/13) for July rose to 104.7, an increase of 1.4 points, indicating a comeback in small business optimism and solid gains in expectations for business conditions, real sales, and expansion. NFIB President and CEO Juanita D. Duggan was quoted in reference to the US small business sector as saying, “While many are talking about a slowing economy and possible signs of a recession, the 3?? largest economy in the world continues to defy expectations, generating output, creating value, and expanding the economy. ... Small business owners want to grow their operations, and the only thing stopping them is finding qualified workers.” NFIB Chief Economist William Dunkelberg was quoted saying, “Contrary to the narrative about impending economic doom, the small business sector remains exceptional. This month’s index is a confirmation that small business owners remain very optimistic about the economy but are being hamstrung by not finding the workers they need.”