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U.S. Small Business Confidence Rises Slightly in August

Tom Cushing, a production expert at Fast Signs, cuts down a sheet of anti-Senate Bill 1062 signs that read "Open For Business To Everyone", Wednesday, Feb. 26, 2014 in Phoenix. Arizona Gov. Jan Brewer will hold a series of private meetings with opponents and proponents of legislation adding protections for people who assert their religious beliefs in refusing service to gays. Brewer spokesman Andrew Wilder says the governor will spend Wednesday gathering information about Senate Bill 1062 as she considers signing it into law or a veto. She has until Saturday to act. (AP Photo/Matt York)
(AP Photo/Matt York)

(Reuters) – U.S. small business confidence rose modestly in August, suggesting the economy continued to grow at a steady clip halfway through the third quarter.

The National Federation of Independent Business said on Tuesday its Small Business Optimism Index gained half a point to 95.9 last month.

The NFIB said the survey of 656 businesses had not been impacted much by the recent turmoil in global financial markets, which was triggered by concerns over slowing economic growth in China.

“Most of the interviews were completed before the big slide,” the NFIB said in a statement.

Five of the index’s 10 components increased last month, while three declined and two were unchanged.

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