Small Business Optimism Ticks Up But Remains Below 48-Year Average

The Small Business Optimism Index increased 0.3 points in September to a level of 92.1, the National Federation of Independent Business announced.

Despite the slight increase, the index remained below the 48-year average of 98.

Inflation remained one of the top concerns among small business owners, cited by 30% of respondents as the single most important problem for their business.

“Inflation and worker shortages continue to be the hardest challenges facing small business owners,” NFIB Chief Economist Bill Dunkelberg said in a statement. “Even with these challenges, owners are still seeking opportunities to grow their business in the current period.”

The full NFIB report can be found here.