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Small business optimism ticks higher in June

Data: NFIB; Chart: Axios Visuals

The vibes from small business owners are still pretty pessimistic — but they seem to have stopped getting worse. The NFIB's Small Business Optimism Index, out Tuesday, ticked up in June to the highest level so far this year.

Why it matters: Small businesses often feel an economic slowdown more quickly or sharply than large corporations — they have less scale, less margin for error, and less access to capital markets.

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