June 9, 2026
FOR IMMEDIATE RELEASE
Contact: John Kabateck, California State Director, john.kabateck@nfib.org
or Tony Malandra, Senior Media Manager, anthony.malandra@nfib.org
SACRAMENTO, Calif., June 9, 2026—Release of today’s monthly Small Business Economic Trends (SBET) report from NFIB found it falling 0.6 points in May to 95.3, remaining below its 52-year average of 98.0. The Uncertainty Index rose 3 points from April to 91, remaining well above its historical average of 68.
NOTE TO EDITORS. A delegation of California small business owners led by John Kabateck, state director for NFIB in California, is in Washington, D.C. this week to lobby for two congressional bills important for small businesses: repealing the Beneficial Ownership Information (BOI) reporting requirement and registry and reforming credit card swipe fees. More here. To reach Kabateck for comment on any state and federal matter related to small business, call him at 916-956-9027, john.kabateck@nfib.org.
The NFIB Research Center has collected Small Business Economic Trends Data with Quarterly surveys since 1973 and monthly surveys since 1986. The sample is drawn from the membership files of the National Federation of Independent Business (NFIB).
From NFIB Chief Economist Bill Dunkelberg
“AI investment spending has contributed to some excitement in the economy. Despite the enthusiasm around AI, the overall picture is divided. More small business owners are struggling with significant and unpredictable hikes in fuel prices, which are more challenging for small businesses to pass on to their customers compared to their larger corporate competitors.”
Highlights from the May SBET Include:
Keep up with the latest California small-business news at www.nfib.com. Follow us on X @NFIB_CA and on Facebook @NFIB.CA.
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For over 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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