美国小企业盈利乐观情绪下滑至六个月低点

US Small-Business Optimism Slips toSix-Month Low on Earnings 美国⼩企业盈利乐观情绪下滑⾄六个⽉低点 ByJulia Fanzeres 作者：朱莉娅·范泽雷斯 November 11, 2025 at 7:00 PM GMT+8 Translate翻译 Sentiment among US small businesses eased inOctober to a six-month low on a deterioration inearnings and less optimism about the economy. 由于盈利恶化和对经济的乐观情绪下降，美国⼩企业的情绪在10⽉份有所缓解，跌⾄六个⽉低点。 The National Federation of Independent Businessoptimism indexdeclined 0.6 point to 98.2, accordingto figures released Tuesday. Five of the 10components that make up the gauge decreased whilefour improved. 周⼆公布的数据显示，全国独⽴企业联合会乐观指数下降0.6点⾄98.2。构成仪表的10个组件中有5个减少，⽽4个改善。 The net share of owners reporting strongerearningsin the last three months fell 9 percentage points, themost since the pandemic and restrained by weakersales and higher materials costs. 报告过去三个⽉收⼊强劲的业主净⽐例下降了9个百分点，为⼤流⾏以来的最⼤⽔平，并受到销售疲软和材料成本上升的限制。 The overall index was also dragged down by lessoptimism about theoutlookfor the economy. The netshare expecting activity to improve six months fromnow fell 3 percentage points to 20%, the lowest sinceApril. 整体指数也受到对经济前景乐观情绪下降的拖累。预计六个⽉后活动将改善的净份额下降了3个百分点⾄20%，为4⽉份以来的最低⽔平。 While labor quality continued to rank as the topproblem for small businesses, owners were relativelysanguine about hiring challenges. Just 32% reportedthey were unable to filljob openings, matching thelowest since the end of 2020. The share reportingfewor no qualifiedapplicants for vacancies was one ofthe smallest in that time frame. 虽然劳动⼒质量仍然是⼩企业⾯临的⾸要问题，但业主对招聘挑战相对乐观。只有32%的⼈表示他们⽆法填补职位空缺，与2020年底以来的最低⽔平持平。报告很少或没有合格职位空缺申请⼈的⽐例是该时间范围内最⼩的⽐例之⼀。 However, there was a small decrease inhiring plansinthe next three months, marking the first decline sinceMay. 然⽽，未来三个⽉的招聘计划略有下降，这是⾃5⽉以来的⾸次下降。 The report also showed actual and planned price increases fell. A net 30% plan to increase prices,down a point from the prior month. The group’suncertainty indexdropped to the lowest level thisyear while remaining historically high. 该报告还显示，实际和计划的价格上涨有所下降。净30%计划提⾼价格，⽐上⽉下降⼀个百分点。该集团的不确定性指数降⾄今年最低⽔平，但仍保持历史⾼位。 Contact us:联系我们：Provide news feedback or report an error 提供新闻反馈或报告错误 Before it's here, it's on theBloomberg Terminal在它出现之前，它已经在彭博终端上了 ©2025 Bloomberg L.P. All Rights Reserved.