Fiserv Small Business Index® for December 2024: Retail and Services Lead as Small Business Finishes on Upswing
Fiserv Small Business Index showed strong performance in December 2024, rising three points to 146. Small business sales grew +4.9% year-over-year and +2.0% month-over-month, with retail and services leading the growth.
In retail, notable year-over-year growth was seen in General Merchandise (+14.4%), Clothing, Shoes and Jewelry (+7.5%), and Furniture, Electronics, and Appliances (+6.3%). Restaurant sector showed mixed results, with sales declining -3.4% despite increased foot traffic (+4.1%), primarily due to reduced average ticket sizes (-7.4%).
Services sector demonstrated strong performance, growing +4.9% year-over-year and +2.1% month-over-month, with Professional Services (+12.2%), Truck Transportation (+8.6%), and Food Manufacturing (+9.8%) leading the growth. Regionally, Vermont (+15.4%), Georgia (+13.5%), and South Carolina (+13.3%) showed the strongest year-over-year growth.
Fiserv Small Business Index ha mostrato una performance forte a dicembre 2024, aumentando di tre punti a 146. Le vendite delle piccole imprese sono cresciute del +4,9% anno su anno e del +2,0% mese su mese, con il commercio al dettaglio e i servizi che hanno guidato la crescita.
Nel settore del commercio al dettaglio, una notevole crescita anno su anno è stata osservata nei prodotti generali (+14,4%), nell'abbigliamento, scarpe e gioielli (+7,5%) e nei mobili, elettronica e elettrodomestici (+6,3%). Il settore della ristorazione ha mostrato risultati misti, con le vendite in calo del -3,4% nonostante un aumento del traffico pedonale (+4,1%), principalmente a causa della riduzione delle dimensioni medie degli scontrini (-7,4%).
Il settore dei servizi ha dimostrato una forte performance, crescendo del +4,9% anno su anno e del +2,1% mese su mese, con i servizi professionali (+12,2%), il trasporto camionistico (+8,6%) e la produzione alimentare (+9,8%) che hanno guidato la crescita. A livello regionale, il Vermont (+15,4%), la Georgia (+13,5%) e la Carolina del Sud (+13,3%) hanno mostrato la crescita anno su anno più forte.
El Índice de Pequeñas Empresas de Fiserv mostró un rendimiento sólido en diciembre de 2024, subiendo tres puntos a 146. Las ventas de pequeñas empresas crecieron un +4.9% interanual y un +2.0% mes a mes, siendo el comercio minorista y los servicios los principales motores del crecimiento.
En el comercio minorista, se observó un notable crecimiento interanual en mercancías generales (+14.4%), ropa, calzado y joyería (+7.5%) y muebles, electrónica y electrodomésticos (+6.3%). El sector de restaurantes mostró resultados mixtos, con ventas en declive del -3.4% a pesar de un aumento en el tráfico de clientes (+4.1%), principalmente debido a la reducción en el tamaño promedio de las cuentas (-7.4%).
El sector servicios demostró un fuerte rendimiento, creciendo un +4.9% interanual y un +2.1% mes a mes, con servicios profesionales (+12.2%), transporte por camión (+8.6%) y fabricación de alimentos (+9.8%) liderando el crecimiento. Regionalmente, Vermont (+15.4%), Georgia (+13.5%) y Carolina del Sur (+13.3%) mostraron el crecimiento interanual más fuerte.
Fiserv 소기업 지수는 2024년 12월에 강력한 성과를 보이며 3 포인트 상승하여 146에 도달했습니다. 소기업 매출은 전년 대비 +4.9% 및 전월 대비 +2.0% 증가했으며, 소매 및 서비스가 성장을 이끌었습니다.
소매 부문에서는 일반 상품(+14.4%), 의류, 신발 및 보석(+7.5%), 가구, 전자제품 및 가전 제품(+6.3%)에서 주목할 만한 전년 대비 성장이 관찰되었습니다. 음식점 분야는 혼합된 결과를 보였으며, 고객 유입량이 증가(+4.1%)했음에도 불구하고 매출이 -3.4% 감소했으며, 이는 주로 평균 영수증 크기 감소(-7.4%) 때문입니다.
서비스 부문은 강력한 성과를 보여주며 전년 대비 +4.9% 및 전월 대비 +2.1% 성장했으며, 전문 서비스(+12.2%), 화물 운송(+8.6%), 및 식품 제조(+9.8%)가 성장을 이끌었습니다. 지역적으로는 버몬트(+15.4%), 조지아(+13.5%), 및 사우스 캐롤라이나(+13.3%)가 가장 강력한 전년 대비 성장을 보였습니다.
L'Indice des petites entreprises de Fiserv a montré une forte performance en décembre 2024, augmentant de trois points pour atteindre 146. Les ventes des petites entreprises ont augmenté de +4,9% par rapport à l'année précédente et de +2,0% par rapport au mois précédent, le commerce de détail et les services conduisant la croissance.
Dans le secteur de la vente au détail, une croissance remarquable par rapport à l'année précédente a été observée dans les marchandises générales (+14,4%), les vêtements, chaussures et bijoux (+7,5%) ainsi que les meubles, l'électronique et les appareils électroménagers (+6,3%). Le secteur des restaurants a montré des résultats mitigés, avec des ventes en baisse de -3,4% malgré une augmentation de la fréquentation (+4,1%), principalement en raison d'une diminution de la taille moyenne des tickets (-7,4%).
Le secteur des services a démontré une forte performance, avec une croissance de +4,9% par rapport à l'année précédente et de +2,1% par rapport au mois précédent, les services professionnels (+12,2%), le transport routier (+8,6%) et la fabrication alimentaire (+9,8%) menant la croissance. Au niveau régional, le Vermont (+15,4%), la Géorgie (+13,5%) et la Caroline du Sud (+13,3%) ont montré la plus forte croissance d'une année sur l'autre.
Der Fiserv Kleinunternehmerindex zeigte im Dezember 2024 eine starke Leistung und stieg um drei Punkte auf 146. Der Umsatz der Kleinunternehmen wuchs um +4,9% im Jahresvergleich und um +2,0% im Monatsvergleich, wobei der Einzelhandel und Dienstleistungen das Wachstum anführten.
Im Einzelhandel war ein bemerkenswertes Wachstum im Vergleich zum Vorjahr bei Waren des allgemeinen Bedarfs (+14,4%), Bekleidung, Schuhen und Schmuck (+7,5%) sowie Möbeln, Elektronik und Haushaltsgeräten (+6,3%) zu beobachten. Der Restaurantsektor zeigte gemischte Ergebnisse, mit einem Rückgang der Verkäufe um -3,4% trotz eines Anstiegs des Fußverkehrs um (+4,1%), hauptsächlich aufgrund niedrigerer durchschnittlicher Rechnungsgrößen (-7,4%).
Der Dienstleistungssektor zeigte eine starke Leistung mit einem Wachstum von +4,9% im Jahresvergleich und +2,1% im Monatsvergleich, wobei professionelle Dienstleistungen (+12,2%), Lastenverkehr (+8,6%) und Lebensmittelproduktion (+9,8%) das Wachstum anführten. Regional zeigen Vermont (+15,4%), Georgia (+13,5%) und South Carolina (+13,3%) das stärkste Wachstum im Jahresvergleich.
- Small Business Index increased 3 points to 146
- Overall sales growth of +4.9% YoY and +2.0% MoM
- Strong retail performance with General Merchandise up +14.4% YoY
- Services sector growth of +4.9% YoY and +2.1% MoM
- Restaurant foot traffic increased +4.1% YoY
- Restaurant sales declined -3.4% YoY
- Restaurant average ticket sizes dropped -7.4% YoY
- Retail average ticket sizes decreased -0.9% YoY
- Grocery sales declined -1.3% MoM
Insights
The latest Fiserv Small Business Index reveals compelling shifts in consumer spending patterns and business performance. The +4.9% year-over-year sales growth and +5.5% transaction growth demonstrate robust small business resilience, particularly noteworthy given current economic conditions. The retail sector's performance is particularly striking, with General Merchandise surging +14.4% year-over-year, signaling strong consumer discretionary spending.
The divergence between restaurant transactions and sales presents an intriguing dynamic - while foot traffic increased +4.1%, the -7.4% decline in average ticket sizes suggests consumers are actively seeking value, potentially responding to persistent inflationary pressures by downsizing their orders. This trend particularly impacts full-service establishments, while quick-service restaurants show more resilience.
The services sector's revival, especially the +12.2% growth in Professional Services, indicates a shift in consumer spending priorities and could signal broader economic confidence. Regional variations, particularly Vermont's +15.4% and Georgia's +13.5% growth, highlight geographic economic disparities and potential opportunities for business expansion.
For Fiserv (FI), this report demonstrates the company's strong market position in processing small business transactions and provides valuable insights into consumer spending patterns. The 3-point increase in the Small Business Index to 146 validates Fiserv's payment processing infrastructure's robust performance during peak seasonal demand.
The data reveals significant opportunities in the services sector, particularly in Professional Services and Healthcare, which could drive increased transaction volumes through Fiserv's payment networks. The regional growth variations, especially in southeastern states, suggest potential market expansion opportunities for Fiserv's payment solutions.
The declining restaurant ticket sizes amid increasing transaction counts indicate a shift in consumer behavior that could benefit Fiserv's transaction-based revenue model. While individual purchase amounts are lower, the higher transaction volume could potentially offset this in terms of processing fees. The retail sector's strong performance, particularly in high-ticket categories like Furniture and Electronics (+6.3%), suggests sustained demand for Fiserv's payment processing services.
Fiserv Small Business Index rose three points in December to 146
Small business sales grew +
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for December 2024. Nationally, the seasonally adjusted Index for December was 146, a three-point increase from November. This continued growth is a positive sign for small business owners, many of which saw December cap off a strong holiday season.
“Small business sales continued their growth in December despite consumer spending patterns beginning to shift,” said Prasanna Dhore, Chief Data Officer at Fiserv. “Notably, consumers diverted more spend to service-based business, retail spending continued to display strength, and consumers spent less dining out as average restaurant ticket sizes continued to decline.”
On a year-over-year basis, small business sales (+
Retail
Nationally, consumer spending at small business retail remained strong through December, growing both sales (+
Compared to November 2024 small business retail sales also grew (+
Restaurants
Consumer spending at small business restaurants slowed in December, with sales tapering back (-
Similarly month-over-month restaurant sales (-
Services
Consumers ramped up spending in December at service-based organizations where growth had slowed in recent months. As a whole, Services grew year over year (+
Compared to 2023 the fastest-growing service categories were Professional, Scientific, and Technical Services (+
Regional Trends
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Vermont (+15.4% ),Georgia (+13.5% ),South Carolina (+13.3% ),Wisconsin (+12.0% ) andKansas (+11.8% ) showed the most growth among states compared to December 2023.North Dakota (+7.7% ),New Jersey (+5.2% ) andArizona (+5.1% ) were the strongest performing states for sales growth month over month. -
Atlanta (+14.4% ) andMiami (+10.4% ) were the strongest-performing large cities for small business sales growth year over year. On a monthly basis, sales growth was strongest inLos Angeles (+4.1% ),San Francisco (+3.7% ) andPhiladelphia (+3.7% ).
About the Fiserv Small Business Index®
The Fiserv Small Business Index is published during the first week of every month and differentiated by its direct aggregation of consumer spending activity within the
Benchmarked to 2019, the Fiserv Small Business Index provides a numeric value measuring consumer spending, with an accompanying transaction index measuring customer traffic. Through a simple interface, users can access data by region, state, and/or across business types categorized by the North American Industry Classification System (NAICS). Computing a monthly index for 16 sectors and 34 sub-sectors, the Fiserv Small Business Index provides a timely, reliable and consistent measure of small business performance even in industries where large businesses dominate.
To access the full Fiserv Small Business Index, visit fiserv.com/FiservSmallBusinessIndex.
About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and has been recognized as one of Fortune® World’s Most Admired Companies™ for 9 of the last 10 years. Visit fiserv.com and follow on social media for more information and the latest company news.
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Media Relations:
Chase Wallace
Director, Communications
Fiserv, Inc.
+1 470-481-2555
chase.wallace@fiserv.com
Source: Fiserv, Inc.
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