The US National Federation of Independent Business (NFIB) has reported that the Index of Small Business Optimism rose to 103.8 in October, up from 103 the previous month.
Four of the Index components rose last month. Five declined slightly, while one remained unchanged.
NFIB Chief Economist Bill Dunkelberg said:
"Owners became much more positive about the economic environment last month, which suggests a longer-run view.
"In the nearer term, they are more optimistic about real sales growth and improved business conditions through the end of the year."