Small business optimism, a measure of the outlook of small business owners about the future of their business and the economy, fell in March to its lowest level since December 2012, according to a report from the National Federation of Independent Business (NFIB).
The small business optimism index fell in March to 88.5 points, far below the 50-year average of 98, according to a survey done by the NFIB. The index for small business owners’ expectations of higher sales volume declined 8 points, the most out of any category, totaling -18% as owners remain largely pessimistic about their businesses’ sales expectations.
