Small business owners reported an increase in hiring, but a decrease in optimism last month, according to a new survey by the National Federation of Independent Business.
The NFIB Small-Business Optimism Index ended its upward trend in March, falling 2.6 points to 91.9—consistent with recession-level readings. The decline, which comes after several consecutive months of slow but steady growth, was driven by weaker expectations for real sales gains and business conditions, along with a marked deterioration in profit trends. Hiring and future plans to hire built on February’s gain and remain the bright spot in an otherwise discouraging report.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access