NEW YORK (AP) — Small business owners are more pessimistic about the economy. The National Federation of Independent Business said its index of small business optimism fell nearly 2 points during March.
The NFIB, a group representing small business owners, compiled the index from a survey of its members. It found that owners' expectations for sales and profits fell last month. Plans to hire more workers also fell.
The drop in the index to a reading of 92.5 from February's 94.3 follows six months of gains. The index was at a low of 81 in April 2009, just after the stock market hit bottom during the recession.
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