US franchise index hits post-recession high
posted on 15th August 2013
The International Franchise Association (the US equivalent of FANZ) has released a report suggesting that franchise business activity in the USA is at its highest level since November 2007. A separate survey reported that the US franchise sector added 12,300 new jobs in July. The IFA says the industry is continuing on a 'slow but steady growth path' after its Franchise Business Index increased by 0.3 percent in July. New Zealand's own Franchising Confidence Index is also showing positive sentiment.
The July increase in the FBI was driven by gains in both employment and sales of franchise-intensive industries, and improvements in small business confidence.
'Franchise businesses continue to create jobs and demonstrate that the franchise business model remains the best and most proven vehicle to quickly grow and scale a small business,' said IFA President & CEO Steve Caldeira. 'While the record high FBI underscores the inherent strength of the franchise industry, concerns remain, particularly the rate of growth in new jobs.'
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