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Index Dips As Small Businesses See High Inflation Persisting

A collection of small business owners busy at work
More see uncertain future and report cash flow challenges
Read the Q3 2022 report
A collection of small business owners busy at work
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Q3 2022 Report Highlights

Small Business Index score gauge
Q3 2022 SBI:62.1
This quarter’s score of 62.1 represents the largest drop since the start of the pandemic.
Highlights from the q1 2021 report
50%
of small businesses say inflation is the top challenge, a drastic 31-point increase since this time last year
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71%
of small businesses believe that when it comes to inflation and price increases, the worst is still to come
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31%
of small business owners say their local economy is in good health, down six percentage points this quarter.
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50%
of small businesses say inflation is the top challenge, a drastic 31-point increase since this time last year
Learn More
71%
of small businesses believe that when it comes to inflation and price increases, the worst is still to come
Learn More
31%
of small business owners say their local economy is in good health, down six percentage points this 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

View More Reports
Two restaurant managers working on a laptop
Q2 2022 SBI 66.8

Index Reaches Pandemic-Era High, but Inflation Concerns Dominate

Small business leaders say inflation is their top concern
A group of office workers sitting around a table discussing a project.
Q1 2022 SBI 64.1

Index Reaches Pandemic-Era High, but Inflation Concerns Grow

Supply chain disruptions also linger, moderating optimism.
Two people walking and discussing some papers.
Q4 2021 SBI 63.0

Index Reaches Pandemic-Era High, as Many See Brighter Future

But worker shortage, inflation, and supply chain concerns persist.
Two restaurant managers working on a laptop
Q2 2022 SBI 66.8

Index Reaches Pandemic-Era High, but Inflation Concerns Dominate

Small business leaders say inflation is their top concern
A group of office workers sitting around a table discussing a project.
Q1 2022 SBI 64.1

Index Reaches Pandemic-Era High, but Inflation Concerns Grow

Supply chain disruptions also linger, moderating optimism.
Two people walking and discussing some papers.
Q4 2021 SBI 63.0

Index Reaches Pandemic-Era High, as Many See Brighter Future

But worker shortage, inflation, and supply chain concerns persist.