U.S. small business sentiment slips on outlook

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Sentiment among sole proprietors and other small business owners fell in July, according to the latest Thumbtack survey, suggesting similar readings in other surveys. Thumbtack noted concerns about future conditions and referenced headlines about Greece. Inflation expectations fell further and employment sub-indexes were lower. The Thumbtack index of small business sentiment has shown a tendency to anticipate moves in other sentiment indicators.

• The Thumbtack sentiment index dropped... Its three-month moving average has also declined modestly, bringing it in line with declines in major consumer sentiment surveys, although it has remained somewhat more resilient than the Small Business Optimism Index published by the National Federation of Independent Businesses (NFIB). All four indexes have declined over the course of 2015.

Bloomberg

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