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Economic Report: Small-business sentiment dips on trade ‘uncertainty,’ NFIB says

Bloomberg News/Landov
Small-business owners became more uneasy last month due to tariff concerns, an industry group said Tuesday.

The numbers: The index of small-business optimism from the National Federation of Independent Business declined 1.7 points to 103.3 in June. That’s a gloomier reading than the consensus forecast of 104.0.

What happened: Six of 10 index components fell, three improved, and one stayed the same. Notably, owners’ plans to increase employment and to spend on capital both declined, as did expectations of higher sales ahead.

See:It’s probably time to kiss that housing market rebound good-bye

The NFIB, a lobby group for small-business owners who prize small government, blamed “uncertainty” for the decline in sentiment.

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