Kathleen Madigan at WSJ reports:
The latest readings from consumers and small business owners indicate economic sentiment isn’t improving, despite signs of a factory rebound and less gloom on the labor front.
On Tuesday, the National Federation of Independent Business said its optimism index for small business owners fell back in February to its December reading of 88.0, and the IBD/TIPP Economic Optimism Index dropped 3% to 45.4 in March, well below its average of the past year.
What’s behind the setback? For tiny firms, it is the lack of customers. “Poor sales” was cited as the top problem among small-business owners.
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