Small Business Economy in its 20th Consecutive Month of Mire
Small Business Economy in its 20th Consecutive Month of Mire
September 12, 2023
Small Business Economy in its 20th Consecutive Month of Mire
- 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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