Aloha State News

The National Federation of Independent Business (NFIB) released its latest Small Business Economic Trends report, revealing ongoing challenges for the Main Street economy. According to NFIB Chief Economist Bill Dunkelberg, "The mood on Main Street worsened in August, despite last month’s gains." He highlighted that high inflation remains a significant concern as sales expectations decline and cost pressures rise.

Key findings from the report indicate a net negative 37% in positive profit trends, marking the lowest since March 2010. Additionally, 24% of business owners identified inflation as their primary issue, slightly down from July. The expectation for higher real sales volumes dropped nine points to a net negative 18%.

A seasonally adjusted net 20% of business owners plan to increase compensation in the coming months, showing a slight uptick from July.

Last week, NFIB released an industry-specific Small Business Optimism report covering sectors such as construction and retail. A notable point was that 70% of small business owners reported supply chain disruptions affecting their operations.

The monthly SBET report is widely regarded as a critical measure of America's small business economy. It serves as a resource for policymakers and provides insights into the health of small businesses nationwide.

NFIB has been advocating for small and independent businesses since its founding in 1943. For more information on NFIB's efforts and reports, visit nfib.com.