AFMC - Small Business Capex Tumble
2024-07-09 14:20:00 ET
Summary
- With a move up to 91.5 in June, the Small Business Optimism Index has now risen in each of the past three months and is at the highest level of 2024.
- Even with recent improvements, the headline number still sits in the bottom 13% of its historical range.
- We would note that firms are reporting cutbacks on all types of capital expenditures.
- Firms point toward economic conditions as the primary reason for that negative expansion outlook.
Early this morning, the National Federation of Independent Business released its monthly Small Business Optimism Index. As shown below, that headline reading continues to recover from the more than decade low, set back in March. With a move up to 91.5 in June, the index has now risen in each of the past three months and is at the highest level of 2024....
Small Business Capex Tumble