Summary
Confidence among small-business owners in the U.S. has decreased due to challenges like inflation and tariffs. Many are increasing prices while expecting lower revenue, which affects their optimism for business growth.
Key Facts
- The MetLife and U.S. Chamber of Commerce Small Business Index showed a decline in confidence for the fourth quarter.
- 45% of small-business owners identified inflation as their biggest challenge.
- 58% expect to raise prices this holiday season, but 52% expect to earn less revenue.
- In a separate survey, 34% of small-business owners reported raising their average selling prices, marking a significant monthly increase.
- Small businesses experienced net job losses in November, with some sectors like health care seeing growth.
- Tariffs have particularly affected small businesses, especially in retail and manufacturing.
- A Supreme Court decision regarding tariffs and trade policies is anticipated soon.
- The White House emphasized confidence in President Trump's America First agenda for future economic benefits.
