ACTV - Small Businesses Sit Out Growth
2024-05-14 15:10:00 ET
Summary
- Earlier in the day on 5/14, the NFIB published the results of its latest survey of Small Business Optimism.
- While the optimism index sits in the bottom decile of historical readings, the 1.2 point month-over-month jump ranks in the top quartile of monthly moves, and it was on account of a wide number of categories.
- Economic conditions are overwhelmingly blamed for the negative expansion outlook.
Earlier in the day on 5/14, the NFIB published the results of its latest survey of Small Business Optimism. While economists expected a modest decline, the index rebounded from 88.5 in March to 89.7 in April. As shown below, albeit higher month over month, current levels of small business optimism remain historically depressed, even lower than at the height of COVID....
Small Businesses Sit Out Growth