Consumers maintain caution through September.

The Fiserv Small Business Index held steady in September at 148.

Highlights:

• Overall sales grew +2.3% YoY but was slower at +0.1% MoM. 
• Retail sales grew 1.6% YoY but declined from August -0.3%.
• The Fiserv Small Business Index now features increased granularity across many categories.

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.