After a discouraging drop in June, the National Federation of Independent Business' Small Business Optimism Index gained 1.3 points last month to 95.4, with seven of the indices increasing and three components in decline.
State-specific data isn't available, but Ben Homeyer, state director of NFIB/South Carolina, said the numbers show that small-business owners generally are uneasy about the direction of the economy.
NFIB chief economist Bill Dunkelberg said, “A rollercoaster of optimism seems to be a familiar trend now.
“July has produced the most grudging of gains in the Index’s history and is still not above the 42 year average of 98.0, and even further from the prerecession average of 99.5,” he said. “This leaves current readings just over two points below the average and five points below the recovery’s highest reading of 100.4 in December 2014.”
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