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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

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
A man standing in front of a series of screens holding a laptop while reviewing data
Q3 2024 SBI 71.2

Index Steady As Optimism Over Future Hiring and Revenue Stay High

Small business leaders want elected representatives to focus on economy and inflation
A man standing in front of a series of screens holding a laptop while reviewing data
Q2 2024 SBI 69.5

Index Moves Up As Optimism About the Future Grows

Majority believe AI will save them time, money in the long run
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
A man standing in front of a series of screens holding a laptop while reviewing data
Q3 2024 SBI 71.2

Index Steady As Optimism Over Future Hiring and Revenue Stay High

Small business leaders want elected representatives to focus on economy and inflation
A man standing in front of a series of screens holding a laptop while reviewing data
Q2 2024 SBI 69.5

Index Moves Up As Optimism About the Future Grows

Majority believe AI will save them time, money in the long run