Beyond the Trends

Blazing Through Challenges: How Small Businesses are Navigating the Summer Economy

How are U.S. Small Businesses dealing with the heat? A hot economy keeps business owners seeking shade as small businesses in the U.S. face a mixed economic environment. Optimism is reflected in the US Chamber of Commerce Small Business Index rising to 69.5, with 73%. However, persistent inflation remains a significant challenge for 55% of businesses, coupled with ongoing worker shortages, insurance costs, and wage inflation. 

According to the Small Business Administration (SBA), there are approximately 33.5 million small businesses in the United States, constituting 99.9% of all U.S. businesses. These small businesses create two-thirds of all new jobs and 45% of the U.S. economic activity.
Chart: US Small Business Growth in the US
Source: Experian

Beyond the Trends is a quarterly report written by Experian Business Information Services. The report offers a unique view of the small business economy based on what we see in the data. With up to date information on over 25 million active businesses and how they perform from a credit standpoint. Experian will share insights and commentary on how economic conditions, public policy, and other factors might shape future small business performance.

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