#SMALL BUSINESS OPTIMISM FULL#

Thirty-seven percent of the owners had vacancies for skilled workers, up three points from March. The vacancies were concentrated in construction, despite higher mortgage rates, and transportation.

#SMALL BUSINESS OPTIMISM FULL#

central bank has signaled it may pause its fastest monetary policy tightening campaign since the 1980s, the economy has yet to feel the full effects of the cumulative 500 basis points of hikes in the policy rate since March 2022.įorty-five percent of owners reported job openings that they could not fill, up 2 points from March.

A fight over raising the federal government's borrowing cap is also helping to cloud the economy. Higher interest rates tied to the Federal Reserve's battle to tame inflation combined with tighter credit conditions following recent financial market stress are stoking fears of a recession this year. A net negative 19% expected higher inflation-adjusted sales, down four points from March. The share of owners expecting better business conditions over the next six months fell two points to a net negative 49%. It was the 16th straight month that the index remained below the 49-year average of 98. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index dropped 1.1 points to 89.0 last month. small business confidence fell in April on worries about the near-term economic outlook and persistent worker shortages, according to a survey released on Tuesday that also indicated inflation was easing.

Small business optimism