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Small Business Index Q2 2026

Small Business Outlook Holds Steady as Inflation Concerns Grow

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The U.S. Chamber of Commerce Small Business Index is designed to take the temperature of the sector, see where small business owners are confident, and where they are experiencing challenges. The quarterly Index conducted by Ipsos elevates the voice of America’s small business owners and highlights the important role they play in the nation’s economy.

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Q2 2026: 66.5

The U.S. Chamber of Commerce Small Business Index is 66.5 this quarter, down slightly from last quarter’s Index score of 67.0.

Top Highlights

  • 57%

    of small business owners say inflation is their biggest challenge right now.

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  • 35%

    of small businesses expect to increase staff in the next year.

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  • 30%

    of small businesses say the U.S. economy is in good health.

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The Data Explorer

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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 the Data

Explore Past Reports

New Small Business Owner Insights on AI

One thing that may be lifting small business expectations: rapid AI adoption. A new U.S. Chamber of Commerce Foundation survey found that small business employers using AI are finding that it improves the quality of work and allows them to take on more challenging tasks.

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    Small Business Index Q2 2026

    Small Business Outlook Holds Steady as Inflation Concerns Grow

    July 15, 2026

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