Bank of America economists Anna Zhou and Taylor Browley released a note on Aug. 16 regarding the analyst firm's small business checkpoint.
Key Points: “Following rapid growth during the first half of this year, Bank of America Small Business total payments per client moderated in July with a 3% increase year-over-year (YoY), while Bank of America Small Business credit and debit card spending per client increased by 7% YoY,” the BofA economists said.
