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

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Owners of small businesses turned more cautious on hiring and making big purchases, an industry group said.

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.

The NFIB, a lobby group for small-business owners who prize small government, blamed “uncertainty” for the decline in sentiment. “Some ‘tariff’ inflation pressures may be surfacing as the percent of firms raising selling prices rose significantly, with 30% of owners reporting recent changes in China trade policy negatively impacting their business,” the group said in a release.

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