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Small Businesses: Difference between revisions
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== NFIB Survey == | == NFIB Survey == | ||
[[File: | [[File:90b7de41e9be938317a1649a055b4087dfe54af0.png|alt=|center|thumb|647x647px|https://www.nfib.com/surveys/small-business-economic-trends/]] | ||
=== October 2023 === | |||
[[File:81bda035dce2bd843ca18c6022f1cec2fc91b3b2.png|left|thumb|292x292px]] | |||
[[File:Screenshot 2023-11-14 123411.png|thumb]] | |||
The Optimism Index decreased 0.1 points in October to 90.7, marking the 22nd month below the 50-year average. The last time the Optimism Index was at or above the average was December 2021.<ref>https://strgnfibcom.blob.core.windows.net/nfibcom/SBET-October-2023.pdf</ref> | |||
* Owners expecting better business conditions over the next six months was unchanged from September at a net negative 43% (seasonally adjusted). | |||
* A net negative 17 percent of all owners reported higher nominal sales in the past three months, down 9 points from September and the lowest reading since July 2020. The net percent of owners who expect real sales to be higher increased three points from September to a net negative 10%. | |||
* The frequency of reports of positive profit trends was a net negative 32%, down eight points from September. | |||
* 43% of all owners reported job openings they could not fill in the current period, unchanged from September. Owners’ plans to fill open positions remain elevated, with a seasonally adjusted net 17 percent planning to create new jobs in the next three months, down 1 point from September | |||
* The net percent of owners raising average selling prices increased 1 point from September to a net 30 percent seasonally adjusted. Seasonally adjusted, a net 33 percent plan price hikes (up 3 points). Twenty-two percent of owners reported that inflation was their single most important problem in operating their business, down one point from last month. | |||
* Seasonally adjusted, a net 24% plan to raise compensation in the next three months, up one point from September. | |||
* Fifty-seven percent reported capital outlays in the last six months, unchanged from September. | |||
* The average rate paid on short maturity loans was 9.1 percent, down 0.7 percentage points from last month’s highest reading since December 2006. Twenty-seven percent of all owners reported borrowing on a regular basis (down 4 points). | |||
=== September 2023 === | === September 2023 === | ||