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Index Reaches Pandemic-Era High, but Inflation Concerns Dominate

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Read the Q2 2022 report
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Small Business Index score gauge
Q2 2022 SBI: 66.8
Despite this challenge, this quarter’s score is 66.8, the highest since the pandemic began. This is slightly higher than last quarter’s score of 64.1.
Highlights from the q1 2021 report
44%
of small businesses cite inflation as the biggest challenge this quarter.
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88%
of small businesses are concerned about the impact of inflation
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68%
of small businesses still report continued concern over the impact of COVID-19 on their business.
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44%
of small businesses cite inflation as the biggest challenge this quarter.
Learn More
88%
of small businesses are concerned about the impact of inflation
Learn More
68%
of small businesses still report continued concern over the impact of COVID-19 on their business.
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

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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