Recent History Of This Indicator:
The small business optimism index has been on the decline, hitting a two-year low of 92.6 in the March report. Employment readings have held up though have been inching lower. But earnings trends are very weak and, in perhaps a positive indication for future inflation, have been getting hit by higher labor costs that have yet to be passed through to selling prices. Forecasters see a moderate bounce for the index in April to 93.1.
The small business optimism index has been on the decline, hitting a two-year low of 92.6 in the March report. Employment readings have held up though have been inching lower. But earnings trends are very weak and, in perhaps a positive indication for future inflation, have been getting hit by higher labor costs that have yet to be passed through to selling prices. Forecasters see a moderate bounce for the index in April to 93.1.
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