58% of Illi­nois small busi­ness­es fear rev­enues will be low­er than last year

(The Cen­ter Square) – With the hol­i­day shop­ping sea­son under­way, Illi­nois small busi­ness own­ers have a gloomy out­look on end-of-the-year rev­enues.
Alignable’s fourth quar­ter rev­enue report shows 58% of Illi­nois small busi­ness­es don’t think they will make as much mon­ey as they did this time last year. That is the third-high­est per­cent­age in the coun­try behind only Flori­da (68%) and Mary­land (59%).
Head Researcher Chuck Cas­to said high inter­est rates con­tin­ue to take a toll, with 55% of small busi­ness­es say­ing 19 months of climb­ing inter­est rates have cut into their mar­gins and rev­enues.
“All of the oth­er issues they’ve been hav­ing in terms of hir­ing, in terms of labor short­age, in terms of oth­er eco­nom­ic issues, includ­ing infla­tion,” said Cas­to.
The top three indus­tries expect­ing low­er earn­ings …