Small Business Optimism Rose 6.2 Points to 100.6 in June
Washington, DC, July 14, 2020-The Small Business Optimism Index increased 6.2 points in June to 100.6 with eight of the ten components improving and two declining, according to the NFIB.
Owners anticipate improving sales as the economy continues to re-open with expectations rebounding to a net 13% after April’s lowest reading in survey history (a net negative 42%). Small business owners continue to be optimistic about future business conditions and indicate they expect the recession to be short-lived.
“Small businesses are navigating the various federal and state policies in order to reopen their business and they are doing their best to adjust their business decisions accordingly,” said NFIB chief economist Bill Dunkelberg. “We’re starting to see positive signs of increased consumer spending, but there is still much work to be done to get back to pre-crisis levels.”