Mumbai, Nov. 11 -- The United States Small Business Optimism Index fell 0.1 points in October to 97.8, remaining below its 53-year average of 98.0, the National Federation of Independent Business (NFIB) said in a report on Tuesday. The Uncertainty Index fell six points from September to 84, marking its lowest level since December 2025.

At the same time, actual sales improved in October, with more owners rating the overall health of their business as good or excellent. Labor quality or availability was cited as the single most important problem by 25% of owners, down one point from September, followed by taxes at 21%, which surged 10 points to reach the highest level since May 2021.

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