The Uncertainty Index reached a new peak in October's Small Business Economic Trends survey, hitting 110 points. Despite this, with the election concluded and a new administration set to begin in January, small business owners may anticipate more stability in business conditions in the upcoming months.
Evidence of this shift was reflected in last month's Optimism Index reading, indicating that small business owners are feeling more positive as the holiday season approaches. This optimism persists despite ongoing economic challenges such as inflation, which continues to be the primary operational issue for 23% of small business owners, remaining unchanged from September.
Although sales growth has decelerated recently and cost pressures persistently affect profit margins, small business owners remain optimistic about future conditions.
The complete Small Business Economic Trends report is available for further examination.
