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Bleak Small Business Outlook Now in 20th Consecutive Month
Bleak Small Business Outlook Now in 20th Consecutive Month
September 12, 2023
Bleak Small Business Outlook Now in 20th Consecutive Month
- NFIB’s Small Business Optimism Index decreased in August to 91.3, the 20th consecutive month below the 49-year average of 98.
- Small business owners expecting better business conditions over the next six months deteriorated seven points from July to a net negative 37%, however, 24 percentage points better than last June’s reading of a net negative 61% but still at recession levels.
- Forty percent of owners reported job openings that were hard to fill, down two points from July but remain historically high.
- The net percent of owners who expect real sales to be higher decreased two points from July to a net negative 14%.

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