Small Business Sentiment: A Decline After Two Months Of Increase
Doug Short | Jul 09, 2013 08:46AM ET
The latest issue of the NFIB Small Business Economic Trends is out today (Conference Board Consumer Confidence Index . The consumer measure is the more volatile of the two, so I've plotted it on a separate axis to give a better comparison of the volatility from the common baseline of 100.
These two measures of mood have been highly correlated since the early days of the Great Recession, although we see a bit of contrast in the latest readings of the two. Last month Consumer Confidence hit a post-recession high, but Small Business keeps bumping a ceiling just above its current level. It will be particularly interesting to see if the consumer's optimism continues to increase in the months ahead.
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