India, July 8 -- Small business sentiment in the U.S. eased slightly in June as uncertainty remains elevated despite easing, and taxes remained a top concern for business owners, survey data from the National Federation of Independent Businesses showed on Tuesday.
The NFIB Small Business Optimism Index edged down 0.2 percentage points to 98.6. Economists had forecast a score of 98.7. The reading remained slightly above the 51-year average of 98.
A massive increase in respondents reporting excess inventories was the main reason behind the decline in the index, the NFIB said.
The Uncertainty Index fell five points to 89, while nineteen percent of small businesses reported taxes as their top concern, up one point from May. The last time the...