Franchise Industry Expected to Grow
(International Franchise Association)
On March 22nd, The International Franchise Association released numbers from their Franchise Business Index, an economic index reading of the franchise industry’s health. The FBI increased to 107.7 in February 2012: this is the sixth consecutive month the index has increased. IFA has said the index was up 1.4% from February 2011.
The Franchise Business Index, designed by IHS Global Insight for the IFA, measures the franchise industry’s growth and role in the U.S. economy through a multitude of factors including growth indicators of prevalent industries in franchising and the general franchising environment.
Indexed data includes figures from (not limited to):
- the Bureau of Economic Analysis
- the National Federation of Independent Business
- the Bureau of Labor Statistics
As a basis for the Index, the economic conditions from January 2000 are used as the baseline (FBI 100).
IFA President and CEO Steve Caldeira is quoted saying:
“The franchise industry is a unique business sector and a vitally important contributor to the U.S. economy spanning some 300 lines of business, supporting nearly 18 million jobs, 825,000 establishments, and providing for over $2.1 trillion in economic output.”
The IFA also made an update to their yearly economic outlook for 2012. The biggest change is a decreased in the forecasted increase of franchise establishments for 2012. The original forecast was 1.9%, which has been updated to 1.6%. IFA will continue to update the Franchise Business Economic Outlook report on a quarterly basis in 2012.
Search Opportunities
Search Blog Posts
Categories
Blog Archives
Free Franchise Updates
Receive updates on the latest and greatest franchises and business opportunities delivered to your inbox each week.
Connect With Us