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Index up as Small Businesses Plan for More Hiring, Higher Revenue

A collage of images showcasing different kinds of small businesses
Read the Q2 2023 report
A collage of images showcasing different kinds of small businesses
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Small Business Index score gauge
Q2 2023 SBI:63.1
The MetLife and U.S. Chamber of Commerce Small Business Index score for Q2 is 63.1. The Index score for Q1 was 60.0.
Highlights from the q1 2021 report
50%
of small businesses report that they have delayed plans to grow their business due to rising interest rates
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54%
of small businesses rate inflation as their largest challenge
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36%
of small businesses say competition has increased compared to six months ago, a nine-percentage point jump from Q1 2023
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50%
of small businesses report that they have delayed plans to grow their business due to rising interest rates
Learn More
54%
of small businesses rate inflation as their largest challenge
Learn More
36%
of small businesses say competition has increased compared to six months ago, a nine-percentage point jump from Q1 2023
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 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
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 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
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