The Experian Small Business Index™ was stable month-over-month, with a slight decrease to 44.7 in June.
June 2025
- Index Value (Jun):44.7
- Previous Month:45.2
- MoM:-0.5
- YoY:-10.7 (Jun 2024 = 55.4)
The index has evened out and remains relatively stable as the economy continues to operate on sound footing. Unemployment remains low and hourly wages continue to increase, and the economy added 147K jobs in June, a slight increase over May. Consumers are optimistic, and sentiment increased to 60.7, up from 52.2 in May. Small business optimism was steady at 98.6 in June, 0.2 points lower than May. Consumers continue their trend of starting new businesses, with 457K launched in June, a 2.2% increase over May.
Inflation has remained even, with slight upticks in some sectors and slight decreases in others. Rent inflation continues a downward trend; it was 3.8% in June, down from 3.9% in May. Producer price inflation was also down 0.4 points to 2.3%, reaching its lowest level since September 2024. Some sectors had inflation rise, with food inflation up slightly from May to 3.0% from 2.9%, overall inflation was up 2.7% in June from 2.4% in May, and core inflation increased from 2.8% in May to 2.9% in June. The savings rate decreased to 4.5% in May, down from 4.9% in April, as consumers continue to spend.
