Washington, D.C. — The quarterly MetLife and U.S. Chamber of Commerce Small Business Index, released today, reveals this holiday season is critical for small businesses’ finances. Eight in ten (79%) say the holiday season is important for their overall profit, up from 70% who said the same last year.
At the same time, inflation remains a top concern. This marks the fourth consecutive quarter that inflation tops the list of challenges. More than half (53%) of small businesses now say inflation is the biggest challenge for small business owners, a 30-percentage point increase from this time last year. Roughly four in five (83%) say rising prices have had a significant impact on their business this year.
“This quarter, small business owners did not see any improvement in the economic landscape. Although their own business may be doing okay, their confidence remains shaken,” said Tom Sullivan, Vice President of…
