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- 🚨CHART OF THE WEEK: US small business uncertainty rose to the highest on record
🚨CHART OF THE WEEK: US small business uncertainty rose to the highest on record
The National Federation of Independent Business Uncertainty Index rose to 103 points in September, a new all-time high
The uncertainty index has nearly doubled in 2 years.
At the same time, their investing plans (capital expenditures) dropped to the lowest since the 2020 pandemic.
Record prices, historically high interest rates, falling earnings, and election uncertainty all have made a tough environment for small firms to prosper.
Notably, the US has 33 million small businesses, accounting for 44% of GDP.
They employ 61.7 million Americans or 46.4% of the private sector.
As you can see, small firm owners struggle as if there is a major economic crisis.
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