Confidence among US small business owners is at an 11-year low, according to NFIB.
High inflation, coupled with hiring woes and tight financial conditions, have dealt a blow to business.
AdvertisementUS small business owners' confidence slumped to its lowest level in 11 years in March amid escalating inflationary pressures and sluggish sales expectations, according to the National Federation of Independent Business.
The small business optimism index dropped to 88.5, hitting its lowest since December 2012, per NFIB's latest report.
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Persons:
Mohamed El, Erian, —, It's
Organizations:
Service, National Federation of Independent Business, Business