The NFIB Small Business Optimism Index rose by 2.2 points in October to 93.7, but remained below the 50-year average. Sales declined, with a net negative 20% reporting higher nominal sales. Labor shortages, inflation, and unfilled job openings remain major concerns. Despite challenges, small business owners show hope, with increased capital investments and plans for future compensation hikes.
The NFIB Small Business Optimism Index rose by 2.2 points in October to 93.7, but remained below the 50-year average. Sales declined, with a net negative 20% reporting higher nominal sales. Labor shortages, inflation, and unfilled job openings remain major concerns. Despite challenges, small business owners show hope, with increased capital investments and plans for future compensation hikes.