The latest data from the National Federation of Small Business suggests that there is slightly less enthusiasm about the economy and its future than there was a month or so ago. The last month’s numbers hit a high not seen since 2007 – 94.3. That was the sixth month in a row for the index to gain but in March it fell to 92.5. This is certainly not the trend that anyone had hoped to see but it isn’t a huge crisis as yet.
The index is still far higher than it was a year or even six months ago. The more important note is that small business is concerned about two things. The first is whether the current economic surge is sustainable and the second is whether energy prices will relent. They are sensing that today feels too much like last year and this was about the time the economy started to falter. By the summer things looked pretty awful.
Source: Armada Corporate Intelligence