The National Federation of Independent Business (NFIB) reported on Tuesday the Small Business Optimism Index decreased by 1.7 points to 103.3 in June, reversing the gain posted in May.

According to the report, six index components fell, three improved, and one remained unchanged. Both capital spending plans and reports of actual spending fell in June, while the inventory component strengthened. Sales and earnings trends softened, while expected credit conditions remained favorable. Uncertainty levels rose to the highest level since March 2017.