Small Business Optimism Continues to Fall Nationwide, Ohio

Small business optimism fell to its lowest point in nearly 50 years, and Ohio small business owners remain cautious about growth, according to the monthly National Federation of Independent Business Optimism Index.

The index fell 0.1 points in May to 93.1, making it the fifth consecutive month below the organization’s 48-year average of 98. At the same time, the nationwide survey showed the percentage of owners expecting business conditions to improve over the next six months fell 4 points to 54%. That also represented the lowest mark in 48 years.

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