US October NFIB small business optimism index 90.7 vs 90.8 prior

This marks the 22nd straight month that the index sits below its 50-year average of 98. As such, it reaffirms that small business sentiment is still struggling somewhat and that most of the growth in the US economy is powered by the strong consumer again. Of note, 22% of business owners are still reporting that inflation is their single most important problem – down 1% from September.