Business applications climbed 4.5% in March from February, according to Census data released today. Projected business formation within four quarters was up 5.4%.
Perhaps the impact of tighter lending standards caused by the banking turmoil in March will hit on a lag. Nevertheless from a high level macro perspective, it’s not a negative that entrepreneurial activity was picking during this period.
For more reasons to be optimistic, check out: tker.co/p/macro-reasons-for-optimism