Report: Inflation leads concerns of small business owners

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Inflation leads concerns of small business owners

business conditions over the next six months declined one point from April to a net negative 50%.

NFIB’s Small Business Optimism Index increased 0.4 points in May to 89.4. This marks the 17th consecutive month optimism about business conditions has remained below the 49-year average of 98. Ira Banschick, owner of Penelope, a boutique in Woodbury, New York, customizes in-stock clothing items for sale on May 5, 2022.The net percent of owners raising average selling prices remains at the inflationary level of 32%. The net percent of owners who expect real sales to be higher dropped two points from April to a net negative of 21%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks open higher after report showing inflation in May eased as expectedU.S. stocks opened higher Tuesday after a report showed inflation in May eased in line with expectations from economists polled by The Wall Street Journal....
Source: MarketWatch - 🏆 3. / 97 Read more »