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NFIB’s Small Business Optimism Index witnessed a decline of 0.8 points in March, resulting in a 90.1 score, remaining below the 49-year average of 98 for the 15th consecutive month.
Inflation emerged as the primary concern for 24% of small business owners, marking a four-point drop from the previous month.
The outlook for improved business conditions in the next six months stayed at a net negative of 47%.