US small business sentiment falls in May on inflation
The NFIB Small Business Optimism Index fell to 95.3 in May as owners faced rising energy costs and geopolitical uncertainty. A record share of businesses plan to raise prices over the next three months while hiring intentions dropped to the lowest level since May 2020.
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United States small business sentiment fell 0.6 points to 95.3 in May as 34% of owners planned price hikes. The index remains below its 52-year average of 98.0 while uncertainty rose three points to 91 last month. The National Federation of Independent Business reported that the increase in owners planning to raise prices suggests inflation could remain elevated for some time.
