Economic Report: Small-business sentiment snaps five-month rut as owners look past Washington: NFIB

Better news for small-business owners in July.

Sentiment among small-business owners skyrocketed in July as customer demand improved, in spite of continued gridlock in Washington.

The closely-watched sentiment gauge from the National Federation of Independent Business rose 1.6 points to 105.2, the group said Tuesday. That snapped a five-month streak of readings that either declined or remained the same, and easily beat the consensus forecast for a decline to 103.2.

Index component Seasonally adjusted level Change from last month
Job creation plans 19% 4
Capital expenditure plans 28% -2
Inventory plans 5% 1
Job openings 35% 5
Inventory satisfaction -2% 1
Good time to expand 23% 2
Expect better business conditions 37% 4
Sales expectations 22% 5
Expect easier credit conditions -% -1
Actual earnings trends -10% 0

The jump in the July survey reflected better views of the labor market: owners reported having more open positions now as well as plans to hire more in the future.

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