Fiserv Small Business Index®

Fiserv Small Business Index Monthly Summary June 2025

Small business sales rise from last year, but consumers pulled back compared to May 

 

The Fiserv Small Business Index decreased 2 points in June to 150.

Highlights:

  • Overall sales accelerated to +4.4% YoY, but slowed -1.4% MoM
  • Foot traffic rose at a slower pace (+2.2% YoY), and fell compared to May (-2.0%)
  • Consumers pulled back spending most notably on Retail (-1.7%) and Restaurants (-2.6%)

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. The Fiserv Small Business Index does not represent Fiserv financial performance.