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Index Reaches Pandemic-Era High, but Inflation Concerns Grow

A grid of four images showing various small business owners at work.
Read the Q1 2022 report
A grid of four images showing various small business owners at work.
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Small Business Index score gauge
Q1 2022 SBI: 64.1
This quarter’s Small Business Index score is 64.1, the highest score since the start of the pandemic. This score is consistent with last quarter’s score of 63.0.
Highlights from the q1 2021 report
85%
of small business owners are concerned about the impact of inflation, up from 75% last quarter.
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37%
of small businesses have increased flexible work options to retain workers during the ‘Great Resignation’
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61%
of small business owners say their business is in good health
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85%
of small business owners are concerned about the impact of inflation, up from 75% last quarter.
Learn More
37%
of small businesses have increased flexible work options to retain workers during the ‘Great Resignation’
Learn More
61%
of small business owners say their business is in good health
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 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
A woman taking an order over the phone
Q4 2024 SBI 69.1

Despite inflation concerns, small businesses remain optimistic

Half say that licensing, certifications, and permits make it harder to grow
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
A woman taking an order over the phone
Q4 2024 SBI 69.1

Despite inflation concerns, small businesses remain optimistic

Half say that licensing, certifications, and permits make it harder to grow