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Small business optimism index
Small business optimism index




small business optimism index

Of those hiring or trying to hire, 90 percent of owners reported few or no qualified applicants for the positions they were trying to fill.įifty-four percent of owners reported capital outlays in the last six months, down two points from September. The net percent of owners who expect real sales to be higher decreased three points from September to a net negative 13 percent.Īs reported in NFIB’s monthly jobs report, 46 percent of owners reported job openings that were hard to fill, unchanged from September.Half of all firms are raising prices, that’s inflation. The net percent of owners raising average selling prices decreased one point to a net 50 percent (seasonally adjusted).Owners expecting better business conditions over the next six months deteriorated two points from September to a net negative 46 percent.Of the 10 Index components, two increased, seven declined, and one was unchanged.“Inflation, supply chain disruptions, and labor shortages continue to limit the ability of many small businesses to meet the demand for their products and services.” “Owners continue to show a dismal view about future sales growth and business conditions, but are still looking to hire new workers,” said NFIB Chief Economist Bill Dunkelberg. Thirty-three percent of owners reported that inflation was their single most important problem in operating their business, three points higher than September’s reading and four points lower than July’s highest reading since the fourth quarter of 1979. NFIB’s Small Business Optimism Index declined 0.8 points in October to 91.3, which is the 10th consecutive month below the 49-year average of 98.






Small business optimism index