US Small-Business Optimism Declines by Most in Over Two Years
- NFIB index slid 2.5 points in August, most since June 2022
- Largest share since 2010 report deterioration in earnings
A worker stocks items at a hardware store in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US small-business optimism declined in August by the most in more than two years as earnings tumbled and firms grew more downbeat about prospects for sales and the economy.
The National Federation of Independent Business optimism index dropped 2.5 points, the most since June 2022, to 91.2 last month. The decline erased nearly half the advance over the previous four months.