U.S. Small Business Expecting Better Business Conditions Hits Record Low

The NFIB Small Business Optimism Index fell 0.1 points in May to 93.1 vs 93.2 prior, well below the 47-year historical average reading of 98.6. Owners expecting better business conditions over the next 6 months declined 19 points to a net 8%. This sub index has fallen every month since January to hit a record low. “Small business owners are struggling to deal with inflation pressures,” said NFIB Chief Economist Bill Dunkelberg. “The labor supply is not responding strongly to small … Continue reading “U.S. Small Business Expecting Better Business Conditions Hits Record Low”

U.S. Small Business Optimism Falls With Political and COVID Uncertainty

The NFIB Small Business Optimism Index fell 2.6 points in November to 101.4, lowest in 7 months but still well above the 47-year historical average reading of 98. 6 of the 10 Index components fell and 4 increased. The NFIB Uncertainty Index fell 8 points to 90, still a historically high reading. Owners expecting better business conditions over the next 6 months declined 19 points to a net 8%.

Congress Expected To Replenish US Small Business Loan Program

The US Small Business $350 billion PPP program has been fully drawn down. The US Administration is seeking to add another $250 billion, however Nancy Pelosi is halting it based on other spends. The Feds Bostic expects Congress to act quickly to replenish the program.