NFIB Small Business Optimity Index rose to 98.8 points in May, reflects expectations that reflect the expectations above 51 years and more and for sale. However, small business owners continue to fight uncertainty, and for the first time since 2020, the tax arose as the most pressing problem.
“Although optimism in May is a bit restored, uncertainty among small business owners is still high,” NFIB Chief Economist Bill Dunkelberg. “Economy continues to stumble until the sources of large uncertainty are resolved, the owners expressed more positive expectations on business conditions and sales growth.”
Key finds from May report include:
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Optimism Index: He has increased to 98.8, and three points have increased since April.
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Sales expectations: 10% of the owners are waiting for a higher real sales volume of a higher sales, a jumping of 11 points from the previous month.
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Business Terms Outlook: A net of a net is waiting for a 10-point development, a 10% better conditions.
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Capital expenditure plans: 22% plan in the next six months, this year is the highest percentage.
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Top concerns: Taxes are shown 18% of respondents as the most important issue with the highest share since December 2020.
The index of uncertainty rose to 94 points, 14% of the owner’s owner referred to inflation in $ 14% in April. Labor quality concerns slightly reduced to 16%.
Labor market information, 34% of small enterprises reported that they could not fill in May in May. Although compensation plans rise, the less enterprise has increased salaries compared to April.
Despite the signs of optimism, the difficulties continue. Reports on sales decrease, low profits and careful inventory activities reflect economic tensions. 13% of the owners have reported lower nominal sales in the last three months.
10% of young business owners looking for ahead, that it is a good time to increase the increase since April, it is still historically lower.