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U.S. small-business optimism index slips 1.1 points to 98.7 in August

  • National Federation of Independent Business reported a lower small-business optimism index in August.
  • The index fell 1.1 points to 98.7, remaining above its 52-year average.
  • July’s reading was the highest recorded since August 2025, according to the federation.

U.S. small-business confidence eased in August, with the National Federation of Independent Business reporting a 1.1-point decline in its optimism index to 98.7. The reading remained above its 52-year average, although expectations for better business conditions fell amid elevated uncertainty. July’s index had reached its highest level since August 2025.

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