Small Business Optimism Drops Again in March

Small Business Optimism Drops Again in March

Small Business Optimism Drops Again in March

NFIB’s Small Business Index decreased for the 15th consecutive month in March dropping 0.8 percent to 90.1. It’s a slight decline for small business optimism and continues a negative trend.

“Small business owners are cynical about future economic conditions,” said NFIB Chief Economist Bill Dunkelberg. “Hiring plans fell to their lowest level since May 2020, but strong consumer spending has kept Main Street alive and supported strong labor demand.”

Here are some other key findings from the latest Index:

-Forty-three percent of small business owners reported job openings that were hard to fill, down four points from February and remaining historically very high.

-The net percent of owners raising average selling prices decreased one point to a net 37% seasonally adjusted.

-The net percent of owners who expect real sales to be higher deteriorated six points from February to a net negative 15%.

Published: April 25th, 2023

Share this Feature

Dine Brands Global, Inc.
SPONSORED CONTENT
Dine Brands Global, Inc.
SPONSORED CONTENT
Dine Brands Global, Inc.
SPONSORED CONTENT

Recommended Reading:

McAlister's Deli
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Vocelli Pizza
ADVERTISE SPONSORED CONTENT
Multi-Unit Franchising Conference
Conferences
Caesar's Forum, Las Vegas
MAR 24-27TH, 2026

Jersey Mike's, a fast-casual sub sandwich franchise with over 3,000 locations, believes that making a sub sandwich and making a difference can be one...
Cash Required:
$200,000
Impressive numbers, outstanding support and incredible pizza delivery create an opportunity you can’t afford to miss. Join the pizza franchise...
Cash Required:
$200,000

Share This Page

Subscribe to our Newsletters