April small business sales improved from March, though consumers continue to trim discretionary spending

The Fiserv Small Business Index Increased 1 point in April to 151.

Highlights:

• Overall sales growth slowed to +3.2% YoY,  +0.4% MoM, inflation adjusted to +0.8% YoY, +0.1% MoM
• Consumers continued to spend but at a slower rate than March
• Consumers pulled back on discretionary spending with a monthly push in goods over services

Note: The Fiserv Small Business Index refreshes with updated data on the 2nd of each month

Disclaimer: Small businesses are identified per the Small Business Administration definitions and extrapolated to reflect total U.S. sales and distribution. This report does not measure Fiserv financial performance.