December WSJ/Vistage Small Business Index
Small business confidence leaps into the new year, driven by hiring and growth
The WSJ/Vistage Small Business CEO Confidence Index rose for the fourth consecutive month to 111.9 in December, marking the highest level of small business confidence since May 2018, excluding the government stimulus-driven surge in summer 2021.
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WSJ/VISTAGE SMALL BUSINESS CEO CONFIDENCE INDEX
The WSJ/Vistage Small Business CEO Confidence Index is calculated from responses to a set of six questions about the current and future state of the U.S. economy, revenue and profitability projections and hiring and investment plans. Measured over time, the Index reflects trends in the U.S. economy.
EXPERT PERSPECTIVE
“With the Federal Reserve cutting interest rates for the third consecutive month in December, these cumulative rate cuts will significantly affect a larger number of small businesses. Small businesses waiting for incremental cuts should make investments before inflation returns, which may likely bring interest rate hikes later this year.”
Anne Petrik
Vistage Vice President of Research
WSJ/VISTAGE SMALL BUSINESS INDEX COMPONENTS
The components of the Small Business Index include six standard questions that are scored as the percentage giving favorable replies minus the percentage giving unfavorable replies, plus 100. The WSJ/Vistage Small Business CEO Confidence Index is the sum of the components calculated as a percentage of the level recorded in the June 2012 survey. Because the survey began in June 2012, the Index for that month was 100.
WSJ/VISTAGE SMALL BUSINESS INDEX: CURRENT EVENTS
Each month the survey captures data on the most pressing issues and challenges small business leaders are facing. Analysis provides perspectives to help leaders make better decisions for their businesses.
DEMOGRAPHICS
WSJ/VISTAGE SMALL BUSINESS INDEX ARTICLES
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The WSJ/Vistage monthly survey measures the sentiment of U.S. small business leaders with revenues of $1-20 million about the economy, prospects and expansion plans for their business.