FemmeHealth Ventures Alliance

FemmeHealth Ventures Alliance

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FemmeHealth Ventures Alliance
FemmeHealth Ventures Alliance
US Small Business Pessimism

US Small Business Pessimism

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Maryann
Oct 10, 2023
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FemmeHealth Ventures Alliance
FemmeHealth Ventures Alliance
US Small Business Pessimism
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Photo by Mike Petrucci on Unsplash

The NFIB Small Business Optimism Index for September 2023 hits a low at 90.8. Business owners are troubled by inflation and labor quality. Coupled with declining expectations for better business conditions and slowing sales growth, a sense of pessimism looms.

The key highlights of the report from the National Federation of Independent Business are as follows:

📉 Small Business Optimism: NFIB Index drops to 90.8 in September 2023, a four-month low.

👇 Decline from August: Down from 91.3, missing the market forecast of 91.4.

💸 Top Concerns: 23% of owners cite inflation, tying with labor quality as primary worries.

👎 Future Expectations: Anticipation of better business conditions in the next six months falls by six points to -43%.

😕 Pessimism Prevails: Owners express pessimism about future business conditions, impacting overall economic optimism.

📉 Sales Growth Slowdown: Small businesses experience a slowdown in sales growth.

💰 Financial Squeeze: Bill Dunk…

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