Franchise Business Index Rises 0.4 Percent In August
The Franchise Business Index (FBI), an index of the economic health of the franchising industry, advanced 0.4 percent in August to 110.6 (Jan 2000=100). All components of the index showed gains except for the small business optimism index, which was down slightly. Despite steady modest improvement in employment and sales indicators, small business owners remain cautious about future prospects. Only minor revisions were reported to last month’s data for individual components of the index, and the July value of the FBI was unchanged at a 0.3 percent increase. After recording year-over-year growth rates that averaged 1.8 percent during the first four months of 2013, the pace of gains in the FBI picked up to average 2.3 percent over the past four months. See the full trend below.
See pasts posts on the FBI here.