Franchise Business Index Nears All-Time High In June
The Franchise Business Index rose to 109.99 in June. Driving the index were continued gains in employment with 27,910 jobs created in the franchise industries specifically according to ADP. Beyond strong job growth, the index was boosted by improved credit conditions and small business optimism. June’s improvement is the seventh straight monthly increase.
The Franchise Business Index is a measure of the economic environment for franchise business activity constructed with timely economic indicators that provide a current reading of the industry’s health. It combines indicators of the growth or decline of industries where franchise activity has historically been concentrated with measures of the demand for franchise business services and the general business environment.
The components of the IFA Franchise Business Index for the U.S. include:
– Employment in Franchise-intensive Industries (BLS)
– Number of Self Employed (BLS)
– Unemployment Rate (BLS)
– Consumer Demand in Franchise-Intensive Services (BEA)
– Small Business Optimism Index (NFIB)
– Small Business Credit Conditions Index (NFIB)
Research for the IFA Franchise Business Index and the quarterly forecast reports is underwritten by a generous grant from Jani-King International to the IFA Educational Foundation.
For more information about the components and the methodology, click here.
For the International Franchise Association, click here.
For IHS Global Insight, click here.