Index up as Small Businesses Plan for More Hiring, Higher Revenue
Inflation remains top concern by far
Read the Q2 2023 reportPresented by
Q2 2023 Report Highlights
Q2 2023 SBI:63.1
The MetLife and U.S. Chamber of Commerce Small Business Index score for Q2 is 63.1. The Index score for Q1 was 60.0.
Highlights from the q1 2021 report
50%
of small businesses report that they have delayed plans to grow their business due to rising interest rates
54%
of small businesses rate inflation as their largest challenge
36%
of small businesses say competition has increased compared to six months ago, a nine-percentage point jump from Q1 2023
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.
Q2 2024
• SBI 69.5
Index Moves Up As Optimism About the Future Grows
Majority believe AI will save them time, money in the long run
Q1 2024
• SBI 62.3
Index Remains Steady As Views of Economy Drift Upwards
Cybersecurity tops list of potential threats, but many have taken steps to prepare
Q4 2023
• SBI 61.3
Index Drops As View of Economy Declines
Employers having harder time finding employees with right skills, experience
Q2 2024
• SBI 69.5
Index Moves Up As Optimism About the Future Grows
Majority believe AI will save them time, money in the long run
Q1 2024
• SBI 62.3
Index Remains Steady As Views of Economy Drift Upwards
Cybersecurity tops list of potential threats, but many have taken steps to prepare
Q4 2023
• SBI 61.3
Index Drops As View of Economy Declines
Employers having harder time finding employees with right skills, experience