Overview
- The NFIB Small Business Optimism Index fell by 2.1 points in February, marking the third consecutive monthly decline and erasing post-2020 gains.
- Economic uncertainty among small businesses reached its second-highest level since 1973, according to the NFIB's Uncertainty Index.
- The percentage of small business owners considering it a good time to expand dropped to 12%, the steepest monthly decline since April 2020.
- Businesses are raising prices at the fastest rate in four years, as inflation fears grow and trade policy volatility disrupts planning.
- Stock markets, consumer confidence, and consumer spending have also declined, with the Dow Jones, S&P 500, and Nasdaq all experiencing significant downturns over the past month.