ACTV - Inflation Concerns Coming Down

2024-02-15 02:00:00 ET

Summary

• Cost or quality of labor (combined) accounts for the largest share of small business problems at 31% of firms.
• Inflation ranks highly among small businesses, but this reading has improved markedly since peaking at 37% in July 2022.
• Stealing from the share of businesses reporting inflation as the biggest problem, poor sales ticked up a percentage point.

In an earlier post , we discussed the latest findings per the NFIB's Small Business Economic Trends report. The report also surveys firms on what they consider to be their most pressing issues. In January, there were some minor shifts in these readings. Overall, cost or quality of labor (combined) accounts for the largest share of small business problems at 31% of firms. That is followed by government-related concerns like taxes or red tape. Again, combined, those issues account for just under a quarter of responses....

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