Small Businesses Show Growing Signs of Caution About the Future
Staffing levels and investment plateau, as concerns about inflation grow.
Read The Q3 2021 ReportPresented by
Q3 2021 Report Highlights
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
34%
of small business owners say the U.S. economy is in good health: higher than any point since the pandemic began.
72%
of small businesses say they find it difficult to manage higher costs due to inflation as they work to recover from the pandemic.
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.
Q2 2023
• SBI 63.1
Index up as Small Businesses Plan for More Hiring, Higher Revenue
Inflation remains top concern by far
Q1 2023
• SBI 60.0
Index Down Slightly as Small Businesses See Weaker Economy
Inflation remains top concern of small businesses across country
Q4 2022
• SBI 62.1
Index Steady as Small Businesses Say High Inflation Still Top Concern
More small businesses this year say holiday season is important for overall profit
Q2 2023
• SBI 63.1
Index up as Small Businesses Plan for More Hiring, Higher Revenue
Inflation remains top concern by far
Q1 2023
• SBI 60.0
Index Down Slightly as Small Businesses See Weaker Economy
Inflation remains top concern of small businesses across country
Q4 2022
• SBI 62.1
Index Steady as Small Businesses Say High Inflation Still Top Concern
More small businesses this year say holiday season is important for overall profit