U.S. Chamber of Commerce Small Business Index Falls to 67.0 in Q1 2026
- The U.S. Chamber of Commerce released its Q1 2026 Small Business Index on April 7, 2026, showing the index declined to 67.0 from 68.4 in the previous quarter, though it remains above the 62.3 score from a year ago.
- Inflation reclaimed the top concern among small business owners at 53%, up from 45% last quarter, marking 17 consecutive quarters as the dominant worry; hiring and investment plans are cooling as economic confidence softens.
- Cash flow comfort among small business owners has declined, with only 20% reporting being "very comfortable" compared to 31% in Q3 2025, though 72% overall maintain comfort levels; manufacturing firms lead at 81% comfort while retail and professional services lag at 69-70%.
- The moderation reflects cautious sentiment rather than a crisis, as small businesses adjust growth strategies in response to persistent cost pressures and margin constraints.
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