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US small business sentiment up in May

Posted on AllSides June 11th, 2024
From The Center
REUTERS/Andrew Kell

 U.S. small-business confidence and hiring plans increased in May to their highest levels of the year, but the looming U.S. presidential election also drove uncertainty to nearly a four-year high, a survey showed on Tuesday.

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose eight-tenths of a point to 90.5 last month, the second consecutive month it has risen after slumping in March to the lowest level since December 2012.

Despite the gain, it was the 29th straight month the index was below the 50-year...

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