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Small Business Survey Paints Bleak Picture and Highlights Inflation Concerns

Mount Equity Group Tokyo Japan > News > Business > Small Business Survey Paints Bleak Picture and Highlights Inflation Concerns

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Almost a third of business owners said inflation was their No. 1 concern.

Key points

  • Inflation topped the list of concerns for business owners in an NFIB survey.
  • Hiring the right staff is also proving tricky for a number of small businesses.
  • Optimism rose slightly this month, but still remains below the 49-year average.

Inflation has made life difficult for many people this year, from small business owners to families trying to put food on the table. The price increases we’ve seen appear to be slowing. All the same, inflation still topped the list of concerns in the latest survey by the National Federation of Independent Business (NFIB). 

Almost a third of small business owners said inflation was their biggest problem, followed by the difficulty of hiring good staff. Transportation, wholesale, and construction businesses reported the biggest challenges in terms of hiring workers. 

Glimmer of optimism,…

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