Another Spring Slowdown?
· NFIB’s Small Business Index slipped 1.3 points in March with fewer businesses expecting sales increases and few planning to hire new workers.
· Inflation continues to be well contained as both the import price index and the producer price index indicated that prices have begun to edge downward.
· March retail sales data pointed to a slower pace of consumer spending for the month. The slower retail sales numbers come on the heels of disappointing job gains for March.
