Small Business Are Now More Uncertain Than Ever Before Amid Economic Turmoil
Uncertainty for small business owners reached an all-time high amid a struggling U.S. economy, according to a recent survey. The Uncertainty Index for small businesses rose 11 points to 103 in September, which is the…
Uncertainty for small Business owners reached an all-time high amid a struggling U.S. economy, according to a recent survey.
The Uncertainty Index for small businesses rose 11 points to 103 in September, which is the highest reading recorded, according to survey results the National Federation of Independent Business (NFIB) released on Monday. Inflation and labor costs were two key concerns among Business owners.
“Small Business owners are feeling more uncertain than ever,” NFIB Chief Economist Bill Dunkelberg said in the Tuesday press release. “Uncertainty makes owners hesitant to invest in capital spending and inventory, especially as inflation and financing costs continue to put pressure on their bottom lines. Although some hope lies ahead in the holiday sales season, many Main Street owners are left questioning whether future Business