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A popular measure of small business activity improved in the first quarter, but underlying components suggest the segment’s recovery has a long road ahead.
The MetLife and US Chamber of Commerce’s Small Business Index gained to 55.9 from 52.9 in the current quarter, according to a Tuesday press release. The reading marks a third-straight quarter of recovery, yet the gauge remains well below the pre-pandemic highs of roughly 71%. The pace of improvement has also slowed as lengthened lockdowns and still-elevated case counts dragged on activity.
Components of the headline number also flashed a few warning signs. details ⇒
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