Consumers make short-term pivots heading into fall.

The Fiserv Small Business Index held steady in August at 149.

Highlights:

• Overall sales grew +3.9% YoY but stalled at -0.2% MoM 
• Foot traffic gained +3.7% YoY and jumped +1.4% MoM – the best MoM growth since March.
• Consumers spent at Restaurants (+2.1% MoM), accelerated Retail spending (+1.1% MoM)

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.