Index Remains Steady As Views of Economy Drift Upwards
Cybersecurity tops list of potential threats, but many have taken steps to prepare
Read the Q1 2024 reportPresented by
Q1 2024 Report Highlights
Q1 2024 SBI:62.3
The MetLife and U.S. Chamber of Commerce Small Business Index score for Q1 is 62.3. The Q4 2023 Index score was 61.3.
Highlights from the q1 2021 report
60%
of small businesses say they are concerned about cybersecurity threats, and 58% are concerned about a supply chain breakdown.
27%
of small businesses say they are one disaster or threat away from shutting down their business.
52%
of small businesses say inflation is the top challenge they face. This is the seventh quarter in a row where 50% or more have cited inflation as the biggest challenge.
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.
Q4 2023
• SBI 61.3
Index Drops As View of Economy Declines
Employers having harder time finding employees with right skills, experience
Q3 2023
• SBI 69.2
Index Reaches Post-Pandemic High As More See Improving Economy
Persistent concerns about inflation remain near record high
Q2 2023
• SBI 63.1
Index up as Small Businesses Plan for More Hiring, Higher Revenue
Inflation remains top concern by far
Q4 2023
• SBI 61.3
Index Drops As View of Economy Declines
Employers having harder time finding employees with right skills, experience
Q3 2023
• SBI 69.2
Index Reaches Post-Pandemic High As More See Improving Economy
Persistent concerns about inflation remain near record high
Q2 2023
• SBI 63.1
Index up as Small Businesses Plan for More Hiring, Higher Revenue
Inflation remains top concern by far