The net percent of owners raising average selling prices decreased four points to a net 25% seasonally adjusted, still a very inflationary level but trending down.Forty-two percent of owners reported job openings that were hard to fill, unchanged from June but remaining historically very high.This is the highest reading since August 2021, but historically very negative. Owners expecting better business conditions over the next six months improved 10 points from June to a net negative 30%, 31 percentage points better than last June’s reading of a net negative 61%.“Inflation has eased slightly on Main Street, but difficulty hiring remains a top business concern.” “With small-business owners’ views about future sales growth and business conditions dismal, owners want to hire and make money now from solid consumer spending,” says NFIB Chief Economist Bill Dunkelberg. Twenty-one percent of owners reported that inflation was their single most important problem in operating their business, which is down three points from June.
Labor issues were the top concern for small-business owners, the study found, with 42% reporting having job openings that were hard to fill. WASHINGTON - The Small Business Optimism Index, generated by the National Federation of Independent Business (NFIB) , increased 0.9 of a point in July to 91.9, marking the 19 th consecutive month below the 49-year average of 98.
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