Business Barometer: Confidence up again in May
The month of May saw another gain in small business sentiment across the country. CFIB’s monthly Business Barometer Index progressed another point and a half upward to hit 66.0—its best level in two and a half years. With that increase, the Index has pretty much recovered its losses from the resource price crunch, which began in late 2014.
On a scale between 0 and 100, an index above 50 means owners expecting their business’ performance to be stronger in the next year outnumber those expecting weaker performance. One normally sees an index level of between 65 and 70 when the economy is growing at its potential.
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