Small Business Optimism Depletes to 11-Year Low As Inflation Fears Persist
Tuesday, 9 April 2024, 13:24
Small Business Optimism Hits 11-Year Low
The latest report from the NFIB indicates a significant drop in small business optimism, reaching its lowest point in over a decade. This decline highlights the prevailing concerns among business owners regarding the economic climate and future stability.
Impact of Inflation Fears
The NFIB's survey showed a reading of 88.5, down nearly a point from February to the lowest since December 2012. The persistent inflation fears continue to weigh heavily on small businesses, affecting their confidence and growth plans.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.