Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
HomeAll newsMost read newsBusiness Leaders Biography
Birthday : 06/16/1947
Place of birth : France
Linked companies : Johnson Matthey PLC - Akzo Nobel NV
Biography : Patrick Webster Thomas is a British businessperson who has been the head of 5 different companies an

Small Business Optimism Rises in July: NFIB

share with twitter share with LinkedIn share with facebook
share via e-mail
08/13/2019 | 06:15am EDT

By Patrick Thomas

Small-business owners' confidence in the U.S. economy rose in July after slipping the prior month, according to the National Federation of Independent Business.

The NFIB Small Business Optimism Index had a July reading of 104.7, up 1.4 points from the prior month. The NFIB said expectations for sales gains increased after fading the previous month.

"This is a confirmation that small business owners remain very optimistic about the economy despite all the talk about 'slowing,'" the NFIB report said. "Expectations for business conditions, real sales, and expansion posted solid gains."

Overall, seven components in the index improved in July, two fell and one was unchanged.

The NFIB survey is a monthly snapshot of small businesses in the U.S., which account for nearly half of private-sector jobs. Economists look to the report for a read on domestic demand and to extrapolate hiring and wage trends in the broader economy.

The NFIB survey results -- based on responses from 1,502 small-business owners last month -- showed the net percent of owners expecting higher sales volumes rose 5 points to 22% of owners. Earnings trends improved in July, supported by a solid improvement in sales trends, the report said.

The report noted that job creation slowed in July, adding just 0.12 workers per firm on average, trending down from 0.52 workers in February. The uncertainty index rose seven points to its highest level since March 2017, the report said.

"The small business sector continues to defy expectations with another exceptional month of strong optimism," the NFIB report said. "The major headwind facing them is a tight labor market."

Write to Patrick Thomas at patrick.thomas@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
JOHNSON MATTHEY PLC 0.11% 2848 Delayed Quote.1.64%
share with twitter share with LinkedIn share with facebook
share via e-mail
1  2  3  4  5  6  7  8  9  10Next