Store Front Business Index - March 2017
From Brexit to the election of President Donald Trump, the U.S. stock market in 2016 went from record lows
to record highs. The stock market kicked off 2016 at a historical low of 15,431,1 rose in March, but then crashed by a 611-point fall in June2 and the news of Brexit broke. So where did that leave America’s small businesses that make up the backbone of the economy?
How did the pizza place down the street, the corner store where you buy milk or the local repair shop do in the rst half of 2016? From their point of view, did America need to be made great again?
The PYMNTS.com Store Front IndexTM (SFI) tracks the health of small businesses across America. In this report, we review the SFI results for Q2 2016 compared to previous quarters and make predictions for upcoming quarters. (More information on how the SFI is calculated can be found at the end of the report in our Methodology section.)
We’re pleased to report that overall small businesses are growing healthily. At the end of 2015, the Index was 115.0 points. This, like the stock market, dipped at the beginning of 2016. However, as 2016 continued the Index began to grow, and by Q2 2016 it was 115.4 points. In other words, from the point of view of small businesses, America’s doing just ne. While we won’t have the results for the rest of 2016 until another few quarters, we predict, that growth will continue. In other words: At least in the case of small businesses, America will continue to do just ne.
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