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Small Businesses Show Growing Signs of Caution About the Future

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Read The Q3 2021 Report
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Small Business Index score gauge
Q3 2021 SBI: 56.6
This quarter’s Small Business Index score is 56.6, down from last quarter (60.0 in Q2), but in line with the beginning of the year (55.9 in Q1 2021).
Highlights from the q1 2021 report
50%
of small businesses say it is difficult to recruit and hire enough employees to fill open positions
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34%
of small business owners say the U.S. economy is in good health: higher than any point since the pandemic began.
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72%
of small businesses say they find it difficult to manage higher costs due to inflation as they work to recover from the pandemic.
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50%
of small businesses say it is difficult to recruit and hire enough employees to fill open positions
Learn More
34%
of small business owners say the U.S. economy is in good health: higher than any point since the pandemic began.
Learn More
72%
of small businesses say they find it difficult to manage higher costs due to inflation as they work to recover from the pandemic.
Learn More

The Data Explorer

Use the Data Explorer to browse and analyze years of data from the Small Business Index.

The Data Explorer contains data going back to 2017 (when the Index began) on the 10 big survey questions covering views of the economy, hiring, investment and other key economic indicators.

Explore Past Reports

Two people sitting in an office having a conversation
Q3 2025 SBI 72.0

Index Rises Despite Mixed Future Expectations

Inflation Remains Top Concern, with Future Expectations Mixed
Two office workers are concerned at what they are reading on a laptop.
Q2 2025 SBI 65.2

Index Rises Slightly Despite Mixed Future Expectations

Inflation remains top concern, supply chain worries impact operations
A group of office workers are discussing a report
Q1 2025 SBI 62.3

Index Dips Despite Small Businesses Seeing Stable Economy

Inflation remains top concern, as revenue worries grow
Two people sitting in an office having a conversation
Q3 2025 SBI 72.0

Index Rises Despite Mixed Future Expectations

Inflation Remains Top Concern, with Future Expectations Mixed
Two office workers are concerned at what they are reading on a laptop.
Q2 2025 SBI 65.2

Index Rises Slightly Despite Mixed Future Expectations

Inflation remains top concern, supply chain worries impact operations
A group of office workers are discussing a report
Q1 2025 SBI 62.3

Index Dips Despite Small Businesses Seeing Stable Economy

Inflation remains top concern, as revenue worries grow