An index of US small-business sentiment remained the same last month at the lowest level since April 2020 as firms remained concerned about inflation and the economy’s outlook.
- The National Federation of Independent Business optimism index came in at 93.2 in April. The net share of owners projecting better business conditions in the next six months dropped one point to a record low.
- Some 32% of respondents stated that inflation is still their biggest operating challenge, an increase slightly from March and the highest level since Q4 of 1980. That percentage has risen in six of the last seven months.
- Labor quality has been one of the biggest problems and planned compensation changes are still elevated.
Five of the 10 components that account for the small-business sentiment index dropped in April. Fewer owners stated that now was a good moment to grow and fewer planned to boost inventories.
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Source: NFIB
