Reported about 1 year ago
The National Federation of Independent Businesses' Small Business Optimism Index increased by 0.8% to reach 90.5 in May, showing the second consecutive month of improvement but still remaining below the historical average of 98. Small business owners are most concerned about inflation, labor quality, taxes, labor costs, and government regulations. Despite the cautious optimism, challenges remain in job creation, job openings, inventory plans, earnings, and capital expenditure plans. Investors are advised to focus on sectors with strong pricing power and those benefiting from improved economic conditions and easing credit constraints for small businesses, considering the uncertainty surrounding upcoming elections and potential changes in the tax and regulatory environment, as indicated by the NFIB report and other economic data.
Source: YAHOO