Regional Scores

Small Businesses Report Record High Levels Across Regions

Q3 Small Business Index Scores by Region
Map depicting SBI scores for the Northeast, Midwest, South, and West regions

NATIONAL SCORE: 70.7

Northeast (70.9): Northeastern views of the local economy remained steady: 49% feel their local economy is in good health this quarter (47% in Q2). 50% of Northeast small businesses believe the U.S. economy is in good health, down from 58% in Q2. 66% say their business health remains strong, 78% are comfortable with cash flow, and 26% have plans for increasing investment (higher than Q2’s 22%).

Midwest (70.4): Last quarter’s survey found that Midwesterners’ views on the local economy declined. That is no longer the case. Currently, 51% of Midwestern small businesses say their local economy is in good health, up from 46% in Q2. 59% feel positive about the U.S. economy (up from Q2’s 57%). 62% of Midwest small businesses say their business is in good health, a decline from last quarter (67%).

South (70.9): Southern small businesses are feeling particularly bullish about the local economy. 63% believe their area is in good health, up from 51% last quarter, and the highest of any region. 62% agree the U.S. economy is in good health, up from 57% last quarter. 67% rate their own business’ health as good, an increase of five percentage points from last quarter, but even with Q1 (68%).

West (70.7): 56% of Western small businesses rate their local economic health as good, unchanged from last quarter. An equal number (57%) feel the U.S. economy is in good health, a downturn from last quarter (62%), but on par with sentiments from a year ago. Optimism about business health is holding steady: 67% of Western small businesses report being in good health, equal to Q2.