Main Street Uncertainty Reaches All-Time High
Small business owners are feeling uncertain which makes them hesitant to invest in capital spending and inventory, especially as inflation and financing costs continue to put pressure on their bottom lines. Main Street owners are left questioning whether future business conditions will improve.
- 12% of owners reported paying a higher rate on their most recent loan
- 51% reported capital outlays in the last six months
- 32% (seasonally adjusted) reported raising compensation
- 23% reported that inflation was their single most important problem in operating their business (higher input and labor costs)
- 34% (seasonally adjusted) reported job openings they could not fill