Janice Spooner - Small Business

SURVEY: SMALL-BUSINESS UNCERTAINTY REACHES ALL-TIME HIGH. OWNERS ARE WORRIED ABOUT INFLATION, FINANCING COSTS

The NFIB Small Business Optimism Index rose by 0.3 points in September to 91.5. This is the 33rd consecutive month below the 50-year average of 98.  The Uncertainty Index rose 11 points to 103, the highest reading recorded. Fifty-one percent of owners reported capital outlays in the last six months, down five points from August. Meanwhile, the number of owners reporting inventory gains fell four points to a net negative 13% (seasonally adjusted), the lowest reading since June 2020. Janice is an Expert On Lending and Credit and the Market President with Great Plains Bank Southlake.