US small business sentiment falls in May as inflation worries mount

• NFIB Small Business Optimism Index falls to 95.3, below 52-year average
• Share of owners planning price hikes hits highest since July 2022, inflation a key concern
• Small business hiring plans drop, labor shortages persist in sectors like agriculture and wholesale trade

WASHINGTON, June 9 (Reuters) - U.S. small-business sentiment fell in May and the share of owners planning to raise prices over the ‌next three months increased to the highest level in nearly four years, suggesting inflation could remain elevated for a while.

The National Federation of Independent Business said on Tuesday its Small Business Optimism Index slipped 0.6 to 95.3 last month, falling further below its 52-year average of 98.0. The ​survey's uncertainty index rose three points to 91. It is running well above its historical average of 68

More at the source: Reuters

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