Inflation, Recession Fears Weighing on US Business Activity

Inflation, Recession Fears Weighing on US Business Activity
A person works at an injection molding station at the Polaris manufacturing and assembly plant in Roseau, Minn., on June 7, 2021. Dan Koeck/Files/Reuters
Andrew Moran
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Inflation and the risk of a recession are the top concerns for U.S. companies in multiple sectors. These worries are beginning to weigh on overall operations, resulting in a slowdown in business activity and declining sentiment, according to numerous indices.

The National Federation of Independent Business (NFIB) Optimism Index highlighted in July that 37 percent of small-business owners reported that inflation was their most important problem, the highest it has been since 1979. Moreover, the monthly survey revealed that most owners are raising their average selling prices, and the net percent of owners anticipating real sales to be higher worsened.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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