September 16, 2019 – Small business spending is increasing, with Visa’s Small Business Spending Index up 18 points. Following a quarter of flat growth, small businesses are expanding and their revenues are increasing. According to Visa's small business survey conducted in late June, nearly half of small businesses said their revenues have increased in the past three months, up 5 percentage points from the first quarter, and almost a quarter hired more employees, up 9 percentage points. Confidence in the U.S. economy remains high, with more small businesses saying the economy had grown stronger last quarter. However, as tariffs continue to make headlines, one in five businesses worry their business will suffer in the years ahead.
While trade uncertainty is causing some concern, small businesses remain positive overall. They continue to invest in their businesses and expand, which supports overall economic growth. Wayne Best, Visa Chief Economist