A Message From Chamber CEO Nancy Lindholm
The U.S. Chamber of Commerce recently released its quarterly Small Business Index, which reached a record high of 71.3, up 0.6 points from the third quarter of 2019. It's the highest score since the survey launched in 2017.
The high score for 2019 Q4 is the result of two elements: small businesses' strong outlook on their local economy and optimism about their own business health.
Key findings of the Q4 results are:
Other highlights of 2019 Q4 findings are:
On the downside, manufacturers are growing pessimistic. Small manufacturers have become more pessimistic about the national economy over the last two quarters with an 11% decline (from 69% in Q2 to 58% in Q4).
To read the entire Small Business Index, go to www.uschamber.com/sbindex