Forecasts predict recovery.
Thomas M. Sullivan, 6-19-2023, Citing a report from the NFIB Research Foundation, "Small Business Weekly Forecast," US Chamber of Commerce, https://www.uschamber.com/small-business/small-business-weekly-forecast ---ML
-8% of small business owners reported higher sales in the past 3-months (1 point better than April) and the percentage expecting higher sales dropped 3 points to -21%.
-50% of business owners are expecting better overall business conditions (1 point worse than April and 11 percentage points better than a year ago).
57% of small business owners reported capital outlays in the last 6-months (up 1 point from April) and 25% are planning capital purchases in the next 3-months (up 6 points from April).
44% of small business owners report job openings they cannot fill (down 1 point from April) and 19% plan on hiring in the next 3-months (up 2 points from April).
41% of small businesses raised compensation (up 1 point from April) and 22% plan on raising compensation in the next 3-months (up 1 point from April).
27% of small business owners reported all their credits needs are met (down 3 points from April). 63% said they were not interested in a loan (up 4 points) and 1% of small business owners reported that their borrowing needs were not satisfied (down 1 point from April).