Confidence levels among Manitoba small business owners improved a bit in March after three months of steady declines, the Canadian Federation of Independent Business (CFIB) said today.
The federation said Manitoba’s Business Barometer Index climbed 2.7 points to 61.4 this month after dropping to 58.7 in February.
Despite the improvement, confidence levels remain below Manitoba’s five-year average of 63.1 and below the national average of 64.1.
"It’s good to see them (confidence levels) stabilizing. They had gone down nine points in three months," said Elliot Sims, the CFIB’s director of provincial affairs for Manitoba.
"But at the same time, 65 to 70 (points) is when the Barometer shows you’re growing at your potential," Sims added. "Sixty-one point four means you’re probably growing a bit, but it’s meagre in terms of what you could be doing."