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Small Business Center

Small Business Optimism Index Holds Below Average as Inflation Concerns Ease

August 15, 2023

The NFIB Small Business Optimism Index increased 0.9 percentage points in July to 91.9, yet remained below the 49-year average of 98 for the 19th consecutive month. Despite a slight reduction in inflation concerns, small business owners’ outlook on future sales growth and business conditions remains negative. Challenges in hiring qualified employees persist, as 92% of owners struggle to find suitable candidates.

Read more here.

By Rebecca Meiser

Contributor, Commerce + Communities Today and Small Business Center

Small Business Center

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