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Index Steady as Small Businesses Say High Inflation Still Top Concern

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Read the Q4 2022 report
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Small Business Index score gauge
Q4 2022 SBI: 62.1
This quarter’s score of 62.1 matches last quarter’s score, which marked the largest quarterly drop since the Index plummeted at the start of the pandemic.
Highlights from the q1 2021 report
53%
of small businesses say inflation is the top challenge facing the small business community.
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79%
say the upcoming holiday season is important for their overall profit
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64%
of small business owners report that their business is in good health.
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53%
of small businesses say inflation is the top challenge facing the small business community.
Learn More
79%
say the upcoming holiday season is important for their overall profit
Learn More
64%
of small business owners report that 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

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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