The 98.8 figure is slightly above the 51-year
average of 98. Expected business conditions and sales expectations
contributed the most to the rise in the index. The Uncertainty Index
rose two points from April to 94. Eighteen percent of small business
owners reported taxes as their single most important problem, up two
points from April and ranking as the top problem. The last time taxes
were ranked as the top single most important problem was in December
2020.
NFIB Chief Economist Bill Dunkelberg said: “Although optimism recovered slightly in May, uncertainty is still high
among small business owners. While the economy will continue to stumble
along until the major sources of uncertainty are resolved, owners
reported more positive expectations on business conditions and sales
growth.”
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