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Small Business Expectations for Future Conditions Hit All-Time Low
Owners reporting inflation as biggest business problem highest since 1980 WASHINGTON, D.C. (July 12, 2022) – The NFIB Small Business Optimism Index dropped 3.6 points in June to 89.5, marking the sixth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the next six months decreased seven points to a net negative 61{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73}, the lowest level recorded in the 48-year survey. Expectations for better conditions have worsened every month this year. Inflation continues to be a top problem for small businesses with 34{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} of owners reporting it was their single most important problem in operating their business, an increase of six points from…