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Small Business Optimism Surges Amid Tax Concerns

6/11/2025

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Summary

Story summary

The NFIB Small Business Optimism Index reached 98.8 in May 2025, the highest in three months, fueled by better sales expectations.
Taxes emerged as the primary concern for 18% of owners, a notable rise since December 2020.
The Uncertainty Index increased to 94, indicating heightened uncertainty among small business owners.
A net 25% of owners foresee improved business conditions ahead.

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Story summary

The NFIB Small Business Optimism Index reached 98.8 in May 2025, the highest in three months, fueled by better sales expectations.
Taxes emerged as the primary concern for 18% of owners, a notable rise since December 2020.
The Uncertainty Index increased to 94, indicating heightened uncertainty among small business owners.
A net 25% of owners foresee improved business conditions ahead.