The confidence in the US small business fell for the third month in a row in February, removing a lot of curved benefits after the victory of the Donald Trump presidential election in November, amid an increase in the administrative trade policy.
The Independent National Business Federation said on Tuesday the small business optimism index fell 2.1 points to 100.7 months ago. This reflects a decline in consumer and business trust and stock market, all of which have removed what Trump Bumps called. The NFIB uncertainty index rose 4 points to 104, the second highest reading in the record.
“High uncertainty and rise in main street, and for many reasons,” said NFIB Economist Chief Bill Dunkelberg, without describing. Small business owners tend to rely on republican.
Trump’s Whiplash Administration Trading Policy, which is marked by active and inactive tariffs on Canada and Mexico, has caused anxiety between businesses, with economists say that uncertainty makes it difficult for companies to plan in the future.
The deferred tariffs and those who are threatened and tasks that have been worn have made consumers anticipate higher inflation over the next year and so on.
The NFIB survey shows the business share of raising the average selling price of 10 points last month, the biggest increase since April 2021, to 32%.
Price increases often occur in the financial, wholesale, agricultural, retail, construction and manufacturing industries.
The increase in proportion planning prices rose three points to 29%, the highest reading in 11 months.
The owner’s section expects the economy to increase 10 points to 37%. The proportion that says now is the right time to expand their business down five points, the biggest decline since April 2020, to 12%.
Source: Reuters
