According to the National Federation of Independent Business' March Index of Small Business Optimism, small business growth slowed down in March, dropping 1.3 points to 89.5.
There are 10 Index components—two did not change, six decreased and two increased. The biggest declines were labor market indicators, inventory investment plans and sales expectations.
“The fact that small businesses aren’t hiring, aren’t borrowing and aren’t expanding tells us that what's really hurting the economy right now is uncertainty about where things are headed,” said Gregg Thompson, state director of North Carolina's NFIB.
Since July 2009, the Index has averaged 90.7 points.
For the complete report, go here.