AFMC - Small Business Bull Whips And Election Jitters
2024-06-11 14:10:00 ET
Summary
- The headline number continued its rebound off of the 11-year low of 88.5 set in March, rising to 90.5.
- Breadth in the report was decent, with five inputs of the headline number moving higher, two going unchanged, and another three falling month over month.
- The report continues to show that there is an overwhelming share of businesses that hold a pessimistic view of the economy.
Earlier this morning, the National Federation of Independent Businesses, or NFIB, published its latest report on small business sentiment for May. The headline number continued its rebound off of the 11-year low of 88.5 set in March, rising to 90.5. While still historically muted, this month's reading was the highest level of small business sentiment since last December.
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