The National Federation of Independent Businesses released its optimism index for May which increased to 92.2 from 90.6 in April. Seven of the index’s 10 components increased and three declined.
“The small business sector is showing some signs of new life,” William Dunkelberg, the group’s chief economist, said in a statement. “Still, overall, the index and its components remain in recession territory. The small business sector is in maintenance mode, not growth, but it has definitely lifted off the bottom.”
Source: Bloomberg