Weather worse than expected.
This is a lesser indicator that only matters if it goes up…
NFIB Small Business Optimism Index
The small business optimism index, which had been on a rebound, fell sharply in February, down 2.7 points to 91.4. A weakening in sales expectations pulled the index down the most followed by economic expectations and hiring plans.Respondents continue to reduce inventories and are reporting no more than limited pricing power.