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Index Rises Despite Mixed Future Expectations

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Read the Q3 2025 report
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This quarter's SBI gauge meter
Q3 2025 SBI: 72.0
This quarter, the MetLife & U.S. Chamber of Commerce Small Business Index is 72.0, up from last quarter’s score of 65.2 and an all-time Index high.
Highlights from the q1 2021 report
34%
of small businesses cite the cost of goods and services as a roadblock to growth
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40%
of small businesses believe that the U.S. economy is in good health
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46%
of small businesses say that inflation is their top concern
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34%
of small businesses cite the cost of goods and services as a roadblock to growth
Learn More
40%
of small businesses believe that the U.S. economy is in good health
Learn More
46%
of small businesses say that inflation is their top concern
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