Fiserv Small Business Index® for October 2024: Small Business Sales Accelerate, Retail Leads the Way
The Fiserv Small Business Index rose to 147 in October 2024, marking one of the highest values since January 2019. Small business performance showed strong growth with sales increasing 7.1% year-over-year and 3.7% month-over-month, while transactions grew 8.8% year-over-year and 3.0% month-over-month. Retail trade performed particularly well, with the index reaching 150. Notable retail growth was seen in General Merchandise (+11.4%), Food and Beverage (+8.4%), and Furniture (+7.8%). Restaurants showed positive trends with 5.9% sales growth and 7.6% increased foot traffic year-over-year. Service-based businesses grew 7.4% compared to 2023, with Professional Services leading at 13.7% growth.
L'Indice delle Piccole Imprese Fiserv è salito a 147 nell'ottobre 2024, segnando uno dei valori più alti dal gennaio 2019. Le performance delle piccole imprese hanno mostrato una forte crescita, con vendite in aumento del 7,1% rispetto all'anno precedente e del 3,7% rispetto al mese precedente, mentre le transazioni sono cresciute dell'8,8% anno su anno e del 3,0% mese su mese. Il commercio al dettaglio ha registrato risultati particolarmente buoni, con l'indice che ha raggiunto 150. Una crescita notevole è stata osservata in Merce Generale (+11,4%), Alimentari e Bevande (+8,4%) e Mobili (+7,8%). I ristoranti hanno mostrato tendenze positive con una crescita delle vendite del 5,9% e un aumento del traffico pedonale del 7,6% rispetto all'anno precedente. Le aziende basate sui servizi sono cresciute del 7,4% rispetto al 2023, con i Servizi Professionali in testa con una crescita del 13,7%.
El Índice de Pequeñas Empresas de Fiserv subió a 147 en octubre de 2024, marcando uno de los valores más altos desde enero de 2019. El rendimiento de las pequeñas empresas mostró un fuerte crecimiento, con ventas que aumentaron un 7.1% interanual y un 3.7% mensual, mientras que las transacciones crecieron un 8.8% interanual y un 3.0% mensual. El se desempeñó especialmente bien, alcanzando un índice de 150. Se observó un notable crecimiento en Comercio General (+11.4%), Alimentos y Bebidas (+8.4%) y Muebles (+7.8%). Los restaurantes mostraron tendencias positivas con un crecimiento de ventas del 5.9% y un aumento del tráfico peatonal del 7.6% interanual. Las empresas de servicios crecieron un 7.4% en comparación con 2023, con los Servicios Profesionales liderando con un crecimiento del 13.7%.
피서브 소규모 기업 지수가 2024년 10월에 147로 상승하여 2019년 1월 이후 가장 높은 값 중 하나를 기록했습니다. 소규모 기업의 성과는 강력한 성장을 보여주었으며, 판매는 전년 대비 7.1%, 전월 대비 3.7% 증가하였고, 거래는 전년 대비 8.8%, 전월 대비 3.0% 증가했습니다. 소매업은 특히 좋은 성과를 보였으며, 지수는 150에 도달했습니다. 일반 상품 (+11.4%), 식음료 (+8.4%), 가구 (+7.8%)에서 현저한 소매 성장이 나타났습니다. 식당은 전년 대비 5.9%의 판매 성장과 7.6%의 고객 발길 증가로 긍정적인 경향을 보였습니다. 서비스 기반 기업은 2023년 대비 7.4% 성장했으며, 전문 서비스가 13.7%로 가장 높은 성장률을 기록했습니다.
L'Indice des Petites Entreprises de Fiserv a atteint 147 en octobre 2024, marquant l'une des valeurs les plus élevées depuis janvier 2019. Les performances des petites entreprises ont montré une forte croissance, avec des ventes en hausse de 7,1 % par rapport à l'année précédente et de 3,7 % par rapport au mois précédent, tandis que les transactions ont augmenté de 8,8 % d'une année sur l'autre et de 3,0 % d'un mois sur l'autre. Le commercer de détail a particulièrement bien performé, avec un indice atteignant 150. Une croissance notable a été constatée dans les Marchandises Générales (+11,4 %), les Aliments et Boissons (+8,4 %) et les Meubles (+7,8 %). Les restaurants ont montré des tendances positives avec une croissance des ventes de 5,9 % et une augmentation du trafic piéton de 7,6 % par rapport à l'année précédente. Les entreprises basées sur des services ont augmenté de 7,4 % par rapport à 2023, avec les Services Professionnels en tête, affichant une croissance de 13,7 %.
Der Fiserv Kleinunternehmerindex stieg im Oktober 2024 auf 147 und erreichte damit einen der höchsten Werte seit Januar 2019. Die Leistung der kleinen Unternehmen zeigte ein starkes Wachstum, mit Steigerungen der Umsätze um 7,1 % im Vergleich zum Vorjahr und um 3,7 % im Vergleich zum Vormonat, während die Transaktionen um 8,8 % gegenüber dem Vorjahr und um 3,0 % gegenüber dem Vormonat zunahmen. Der Einzelhandel schnitt besonders gut ab, wobei der Index 150 erreichte. Bemerkenswertes Wachstum wurde im Bereich Allgemeine Waren (+11,4 %), Lebensmittel und Getränke (+8,4 %) sowie Möbel (+7,8 %) verzeichnet. In Restaurants wurden positive Trends mit einem Umsatzwachstum von 5,9 % und einem Anstieg des Kundenstroms um 7,6 % im Vergleich zum Vorjahr beobachtet. Dienstleistungen wuchsen um 7,4 % im Vergleich zu 2023, wobei die Professionellen Dienstleistungen mit einem Wachstum von 13,7 % an der Spitze lagen.
- Small Business Index reached highest value since January 2019 at 147
- Overall sales growth of 7.1% year-over-year
- Transaction volume increased 8.8% year-over-year
- Strong retail performance with 11.4% growth in General Merchandise
- Service-based business sales grew 7.4% year-over-year
- All 50 U.S. states showed positive monthly sales growth
- Retail average ticket sizes declined 3.3% year-over-year
- Restaurant average ticket sizes decreased 1.7% year-over-year
Insights
The latest Fiserv Small Business Index reveals robust economic activity with significant implications for investors. The index's rise to 147 points, marking its highest level since January 2019, signals strong consumer spending momentum. Key metrics show impressive growth with
The retail sector's performance is particularly noteworthy, with General Merchandise leading at
The geographic diversity of growth, with all 50 states showing improvement, demonstrates a broad-based economic recovery. This comprehensive growth pattern typically precedes strong corporate earnings cycles, particularly beneficial for payment processors like Fiserv.
The strong performance metrics in Fiserv's Small Business Index have direct revenue implications for the company. As a payment processor, Fiserv generates revenue from transaction volumes and payment processing fees. The
The decline in average ticket sizes while maintaining growth in total sales volume is particularly positive, as it indicates higher transaction frequency and broader consumer participation. This pattern typically leads to more stable revenue streams and higher processing fees for payment service providers.
Fiserv Small Business Index rose six points to 147 in October
Small business sales grew
“The Fiserv Small Business Index delivers a timely and detailed look at the way consumers are spending at small businesses,” said Jennifer LaClair, Head of Merchant Solutions at Fiserv. “This month’s index shows that consumer spending was strong in October, with healthy increases to both total sales and foot traffic, a welcome sign for small businesses as they head deeper into the holiday season.”
Nationally, the seasonally adjusted Fiserv Small Business Index increased six points to 147, marking one of the largest monthly gains and the highest overall Index value since the baseline period of January 2019. On a year-over-year basis, small business sales (+
“Enthusiastic consumer spending was seen throughout small business categories in October, with growth across both goods and services, and discretionary and non-discretionary spend,” said Prasanna Dhore, Chief Data Officer at Fiserv. “Notably, retail sales surged in October. Strong consumer foot traffic combined with less inflation resulted in every retail subsector showing sales growth.”
Retail
Nationally, the Fiserv Small Business Index for Retail Trade was 150, a five-point increase from September. Year-over-year sales (+
On a monthly basis, Retail sales (+
Restaurants
Food Services and Drinking Places, which includes restaurants, indexed at 127 in October, a 2-point increase compared to September. Year over year, restaurants saw growth in both total sales (+
Services
Service-based small business sales grew compared to 2023 (+
Regional Trends
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All 50 U.S. states saw small business sales growth month over month.
Delaware (+8.1% ),Michigan (+7.9% ),Utah (+7.4% ),Georgia (+7.1% ) andKentucky (+6.8% ) showed the most growth compared to September. -
Philadelphia (+5.6% ) andAtlanta (+5.1% ) were the strongest performing large cities for small business sales growth month over month. These cities also topped year-over-year sales growth for October at +9.2% and +8.9% , respectively.
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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