The nation's small business operators are showing some signs of life: The Small Business Optimism Index, a monthly survey conducted by the National Federation of Independent Business, reached a post-recession high in April. Where 100 is considered the average, the index crossed above 95 for the first time since 2007.
On the other hand, the longer-term reading of this index shows just how devastating the recession was to small businesses. The current reading of 95.1 is still below the long-term average, of course, and the reading had only dipped below 95 for one single month between 1994 and 2007.
But at least things are moving in the right direction. The small business owners reported optimism on seven of the index’s ten markers, with the strongest being “expect economy to improve” and “earnings trends.”
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