The May 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) decreased by 1% in May, falling to 128.6 from the 129.5 April reading. It marks the third consecutive month of decrease.
A recent Thomson Reuters/PayNet Small Business Lending Index shows small business investment activity has not been frozen and the financial status of small businesses is healthy. The SBLI registered 117.2 in January, a 4% increase over last year.
The Thomson Reuters/PayNet Small Business Lending Index increased 17% in April over the same month last year, but it is only slightly higher than the March reading, suggesting that small business investment remains sluggish, PayNet said.
The Thomson Reuters/PayNet Small Business Lending Index for November 2012 was essentially unchanged from the previous month. The index rose only 3% over the same time last year, which is a far slower pace of increase than in 2010 (20%) and 2011 (16%), PayNet said.