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Updated · Bloomberg · Jun 9US Small-Business Optimism Falls to 95.3, Lowest Since October 2024
2 articles · Updated · Bloomberg · Jun 9Summary
- May’s NFIB small-business optimism index fell 0.6 point to 95.3, marking its weakest reading since October 2024.
- That drop erased almost all of the gains that followed Donald Trump’s election to a second term, reversing much of the post-election rebound.
- The index had surged to a six-year high in December 2024 after the election, making the latest reading a sharp retreat from that peak.
Insights
Why is the job market booming while small business confidence hits a multi-year low? How is a distant conflict causing a direct hit to American small business profits? With business costs rising, are higher consumer prices and stalled wage growth inevitable?