July small business sales tick up on higher spend per transaction.

TThe Fiserv Small Business Index increased 1 point from Q1 to 149 in Q2.

Highlights:

• Overall sales grew +3.6% YoY and also gained +1.0% MoM
• Foot traffic grew at a slower pace YoY (+3.0%), and was flat compared to June (+0.1%)
• Consumers spent less on Restaurants (-0.9% MoM), more at Retail (+1.1%)

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 represent Fiserv financial performance.