Published: 2026-06-09T11:39:09.000Z
U.S. May NFIB survey - Signs of stagflation
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May’s NFIB survey of Small Business Optimism shows the optimism index with a modest drop to 95.3 from 95.9 from to 95.8, taking it to its lowest since October 2024 just before a sharp post-election bounce.
Details make worrying reading with signs of rising prices and a weakening labor market. Net prices rose to 36 from 30 reaching their highest since March 2023 while 6-month price expectations at 34 from 27 are the highest since November 2023.
Hiring plans fell to 9 from 13 reaching their lowest since May 2020 at the height of the pandemic while job openings also weakened, to 29 from 34. Indices on compensation were stable.
