The Experian Small Business Index™ shows a modest improvement, rising 3.7 points month-over-month.
Sep 2025
- Index Value (Aug):41.1
- Previous Month:37.4
- MoM:+3.7
- YoY:-3.8 (Sep 2024 = 44.9)
The Experian Small Business Index™ increased in September by 3.7 points to 41.1, the second straight month of increases. The Fed lowered interest rates for a second time in late October in response to weakening job reports from ADP but indicated another rate cut in December is not certain due to rising inflation.
Inflation increased from 2.9% to 3.0% in September, and core inflation decreased from 3.1% to 3.0%. Rent and food inflation were both steady, and energy prices increased 2.8% from a year ago. The University of Michigan’s consumer sentiment stayed nearly even as the NFIB small business optimism index fell slightly to 98.8 in September from 100.8 in August. New businesses continue to open at a historically high rate, indicating continued optimism by entrepreneurs.
Related Posts
The Experian Small Business Index™ declined 9 points to 38.2 in August, which is nearly level with last year at this time.
Experian Small Business Index saw rising utilization and 91+ day past-due rates, which contributed to the monthly decline.
The Experian Small Business Index declined by 0.7 in June, but remains well above last years level on strong small business sentiment.
