Bidenomics: Small Business Outlook Remains Dismal For 19th Straight Month

The Biden White House has been struggling to get the American public to buy into its positive spin on the economy, which it has dubbedSmall business owners have a “dismal” outlook about sales growth and business conditions, said Bill Dunkelberg, the chief economist at the National Federation of Independent Business. The NFIB’s small business optimism index came in at 91.9 for July, up 0.9 points from the prior month but well below the index’s 49-year average of 98.

The net percent of owners raising average selling prices dropped to a net 25 percent, the lowest since January 2021 but still high by historical measures. Fourteen percent said their average selling prices were lower and 40 percent said they were high. The NFIB said price hikes were most common in finance, retail, wholesale, and construction. A net 27 percent said they are planning on hiking prices in the future.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

The Pandemic Small-Business Boom Is Fueling the US EconomyStartup registrations remain 42% ahead of 2019 levels, with growing numbers of companies founded by women and minorities.
Fonte: economics - 🏆 71. / 68 Leggi di più »

8 cars destroyed at Lake City small businessEyewitnesses were startled by strange popping noises around 5 a.m. Lashawna Groves, who lives across the street, was concerned about a potential explosion. Seattle Fire took between 15 and 30 minutes to arrive.
Fonte: KIRO7Seattle - 🏆 271. / 63 Leggi di più »

Eight Cars Destroyed in Fire at Lake City Small BusinessA fire broke out at a secured lot owned by local business SNS Auto in Lake City, destroying eight used cars. Eyewitnesses reported hearing strange popping noises and expressed concern about the fire spreading to nearby vehicles and causing an explosion.
Fonte: Mynorthwest - 🏆 438. / 53 Leggi di più »