Economics
U.S. Small-Business Optimism Jumps on Sales Expectations
- Index increased in June by the most since December 2016
- Eight of 10 components that make up sentiment gauge advanced
Customers stand in line outside a food cart in New York, on June 27.
Photographer: Amir Hamja/BloombergThis article is for subscribers only.
U.S. small-business optimism jumped in June by the most since December 2016 as states reopened and owners expected the current recession to be short-lived, the National Federation of Independent Business said Tuesday.
The group’s index of sentiment increased 6.2 points in June to 100.6, the second straight gain after hitting a seven-year low two months earlier. Even with the advance, the measure remains below the 2020 high of 104.5 reached in February. The NFIB’s gauge of sales expectations surged by a record 37 points to a positive 13.