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Index Dips Despite Small Businesses Seeing Stable Economy

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Read the Q1 2025 report
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Small Business Index score gauge
Q1 2025 SBI: 62.3
The MetLife and U.S. Chamber of Commerce Small Business Index score for Q1 is 62.3. The Q4 2024 Index score was 69.1.
Highlights from the q1 2021 report
58%
of small businesses cite inflation as a top concern, its highest level since tracking began
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94%
of small businesses say that trade schools / technical colleges are the most effective at preparing new employees for work
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66%
of small businesses say they're comfortable with their cash flow, down six points from last quarter
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58%
of small businesses cite inflation as a top concern, its highest level since tracking began
Learn More
94%
of small businesses say that trade schools / technical colleges are the most effective at preparing new employees for work
Learn More
66%
of small businesses say they're comfortable with their cash flow, down six points from last quarter
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