Small business sentiment improves slightly despite inflation and economic concerns.
TL;DR Summary
A survey by the National Federation of Independent Business shows that a growing number of small businesses are worried about inflation and future business conditions. The Federal Reserve is trying to tamp down inflation still running well above the central bank’s 2% target. Small business optimism improved in May, but the share of small business owners expecting better business conditions in the future declined. Supply chain disruptions and labor shortages will continue to limit the ability of many small firms to meet the demand for their products and services.
- Growing number of small businesses worry about inflation and the economy’s future CNN
- U.S. Small-Business Confidence Improves Amid Inflation, Labor Quality Concerns The Wall Street Journal
- US small business sentiment edges up in May, NFIB says Reuters
- US Small-Business Sentiment Remains Subdued on Sour Outlook Bloomberg
- US May NFIB small business optimism index 89.4 vs 89.0 prior ForexLive
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