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Small Business Optimism Dips Amid Inflation Woes

10/14/2025

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Summary

Story summary

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index fell 2.0 points to 98.8 in September.
The NFIB Uncertainty Index rose 7 points to 100, signaling heightened concerns about future conditions.
Many owners reported rising prices due to inflation, with 31% planning further increases.
NFIB Chief Economist Bill Dunkelberg said spending remains strong among higher-income groups, but unsold merchandise is accumulating, signaling potential issues ahead.

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Story summary

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index fell 2.0 points to 98.8 in September.
The NFIB Uncertainty Index rose 7 points to 100, signaling heightened concerns about future conditions.
Many owners reported rising prices due to inflation, with 31% planning further increases.
NFIB Chief Economist Bill Dunkelberg said spending remains strong among higher-income groups, but unsold merchandise is accumulating, signaling potential issues ahead.