Small U.S. Firms Pessimistic on Own Sales, Optimistic on Economy
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U.S. small-business owners are more pessimistic about their revenue outlook than at any point in decades, even as a greater share anticipate the recession will be brief.
The National Federation of Independent Business’s index of sales expectations for the next six months plummeted 30 points in April to minus 42, the lowest in the group’s monthly data back to 1986. At the same time, a net 29% of small-business owners, the most since October 2018, said the economy will be better in six months.