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Nfib index11/29/2023 Actual inventory changes also plummeted to -2% (net) while firms who think that their current inventory is “too low” had gone up by 4 points to a net 0%.Only 14% (net) of firms reported to have higher actual price changes, a decline of 5 points from last month but still one of the highest in the past few years.Credit conditions are still not looking favorable with loan availability dropping to -2% (net) for regular borrowers compared to three months ago. Actual earnings have dropped 4 points but still highest readings in years, mostly due to sales volume and increased costs for labor, materials, finance, taxes and regulatory fees.36% of members who participated in the survey reported to have current job openings, increasing 3 points from May, however, 55% stated that they have no qualified applicants as opposed to last month’s 48%.Even so, the % of firms saying the next 3 months is a good time to expand dropped to 29%, likely due to international trade discussions.Optimism is strong and among the highest recorded for the past 45 years.Here is the economic impact summary of its findings: The National Federation of Independent Business has released its Small Business Optimism Index Report for the month of June 2018. Written By: Judy Ponio Project Contributor at AngelouEconomics | Did you realize the Economic Impact of Small Business Optimism?
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