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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…
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U.S. new home sales beat expectations; supply near 13-year high
New household product sales increase 1.5{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} in August July revised up Median gross sales price rises 20.1{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} from yr ago WASHINGTON, Sept 24 (Reuters) – Income of new U.S. one-spouse and children houses amplified for a next straight thirty day period in August, but demand for housing has likely peaked immediately after a COVID-19 pandemic-fueled buying frenzy. The report from the Commerce Section on Friday also confirmed the source of new households on the industry final month was the greatest in nearly 13 years, with prices unchanged on a month to month basis. It adopted on the heels of news on Wednesday that revenue of previously owned households fell in…
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