The National Federation of Independent reported a slight increase in its Optimism Index for small businesses in July, despite weakening sales.

The NFIB said its Optimism Index in July technically rose 0.7 points to a reading of 95.7. There was little change in the 10 index components aside from the outlook for expansion and business conditions, which accounted for a small gain in the index. But while the index components improved, they remain historically low.

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