Fiserv Small Business Index®

January 2025 Overview

Small business sales growth continues into the new year

 

The Fiserv Small Business Index gained 1 point, up to 147 in January.

Highlights:

  • Sales growth YoY accelerated to +5.1%, was more moderate MoM (+0.5%)
  • Transaction growth showed continued strength, +6.5% YoY and +1.3% MoM
  • Consumer demands skewed more toward services, less toward goods

Read the full report online and explore the data based on national, state, local or NAICS sectors. Click on Get Data to download data by sector, location and date range.


Please note that in December 2024 we made some changes in our methodology for measuring small business. Publications from November 2024 and prior will not reflect these changes. For more details on this methodology change, please see our FAQs section on this website.