DES MOINES, IOWA (June 13, 2023) — The National Federation of Independent Business (NFIB) Small Business Optimism Index increased 0.4 points in May to 89.4, which is the seventeenth consecutive month below the 49-year average of 98. The last time the Index was at or above the average was in December 2021. Small-business owners expecting better business conditions over the next six months declined one point from April to a net negative 50%.
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