Report: 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%.

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