US: Small businesses remain optimistic - Nomura

In the US, the NFIB small business optimism index inched down 0.5pp to 107.2 in June, a still-solid reading, notes the research team at Nomura.

Key Quotes

“The net percentage of businesses planning to increase employment and make capital outlays both remained elevated at 20% and 29%, respectively.”

“Other indicators remained strong, although the net percentage of businesses expecting the economy to improve and higher real sales both pulled back slightly.”

“Overall, the report indicates that small businesses remain optimistic given the bright US outlook.”