Index Summary

Small Business Expectations Down, but Fundamentals Remain Strong

Small Business IndexGraphic indicating the small business index score for the current quarter

This quarter, the MetLife & U.S. Chamber of Commerce Small Business Index recorded the first significant drop since the survey began in 2017. Conducted in the midst of the longest federal government shutdown in history, the survey score dropped from 69.3 in Q4 of 2018 to 65.6 in Q1 2019.

The change is largely due to a decline in economic outlook and expectations (both national and local), but small business owners report their fundamental business operations remain strong:

Q1 Index Highlights

Small Business Index: In Historical ContextGraphic indicating the small business index scores from Q2 2017 to Q1 2019