U.S. small business sentiment weakened in June, pulling back from a six-year high because firms felt less confident the economy would improve in the coming months.
The National Federation of Independent Business said on Tuesday its Small Business Optimism Index fell 1.6 points to 95 last month.
Six of the NFIB’s 10 indicators decreased, with about half of the decline in the overall index due to less confidence in future business conditions, the report said.
U.S. economic data have given conflicting signs of health this year, with output falling sharply across the economy in the first quarter while hiring has looked much more robust.
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