Small business owners see some inflation pressures easing, but remain "cynical" about the overall U.S. economic outlook. The National Federation of Independent Business’ (NFIB) optimism index rose 0.5 to 90.3 last month, an improvement from 89.8 in December. Still, this reading remains below the 49-year average for the index, the NFIB said in a release on Tuesday. Stay ahead of the market Two areas that continue to weigh on small business sentiment are labor and inflation. Twenty-six percent of owners say inflation was their single biggest dilemma when managing their business. Additionally, the outlook remains tough to get excited about for most respondents. "While inflation is starting to ease for small businesses, owners remain cynical about future business conditions," NFIB Chief Economist Bill Dunkelberg said in a statement . "Count small business owners among the crowd predicting a recession," Dunkelberg wrote in the report . "The Index of Small Business Optimism has been in recession territory all last year and into 2023. If it weren’t for the Job Openings and Hiring Plans components, the Index would be much lower." Data from NFIB’s monthly jobs report showed 57% of owners were trying to hire new employees at the start of […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
