MetLife & U.S. Chamber of Commerce Small Business Index

INDEX SUMMARY

AMERICAN SMALL BUSINESS OWNERS CONFIDENT YET CAUTIOUS

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The MetLife & U.S. Chamber of Commerce Small Business Index for the second quarter of 2017 shows that small businesses in America generally have a positive outlook. The Q2 Index score of 60.6 (on a scale of 0 to 100) was buoyed by small business owners’ confidence regarding the health of their companies but tempered by their concerns about the direction of the national and local economies.

THE MEANING BEHIND THE INDEX

An Index score of 60.6 means that approximately 60.6 percent of small business owners have a positive outlook for their company and the environment in which they operate.

The Index takes into account a holistic view of the small business sector, capturing the views of small business CEOs and owners across three key areas:

  • Small Business Operations
  • Small Business Environment
  • Future Small Business Expectations
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KEY DRIVERS OF THE Q2 INDEX

POSITIVE LEVERS

  • Current business health
  • Prospective hiring plans
  • Forward-looking revenue expectations
  • Plans to invest in the business

NEUTRAL ELEMENTS

  • Cash flow management
  • Hiring in recent months
  • Competition at the local level

ROOM FOR IMPROVEMENT

  • Views of the national economy
  • Outlook on the local economy
  • Time spent on regulation