Confidence among small-business owners in the U.S. leveled off in April after three consecutive months of drops, but inflation and labor shortages continued to weigh heavily on short-term economic expectations.
However, the number of owners who expect real sales to be higher in the short-term increased somewhat, although views were still gloomy, according to the survey's data. Earnings trends as well as plans to increase inventories, employment and capital outlays were broadly unchanged in April compared with the previous month.
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