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Small business optimism hits 11-year low as inflation fears won’t go away

Posted on AllSides April 9th, 2024
From The Center
Robert Nickelsberg | Getty Images

Small business confidence hit its lowest level in more than 11 years for March as proprietors worried that inflation is still very much a problem.

At a time when other data points show inflation receding, the National Federation of Independent Business reported Tuesday that its survey showed a reading of 88.5, down nearly a point from February and the lowest since December 2012.

A quarter of all respondents reported that rising costs were the biggest problem.

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