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Small-business optimism rises to highest level in nearly a year

Inflation concerns ease as uncertainty remains elevated
The National Federation of Independent Business Research Center's Small Business Optimism Index rose 2.4 points from June to 99.8. Shown are eateries at Liberty Station in San Diego, California. (Matt Brown/CoStar)
The National Federation of Independent Business Research Center's Small Business Optimism Index rose 2.4 points from June to 99.8. Shown are eateries at Liberty Station in San Diego, California. (Matt Brown/CoStar)

Optimism among small-business owners increased in July, climbing above its long-term average and reaching its highest level since August 2025.

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