Small-Business Sales Drop in June as Customers Cut Back Spending

Spending declined the most in sectors including restaurants, retail, and accommodation.
Small-Business Sales Drop in June as Customers Cut Back Spending
A grocery store in Columbia, Md., on June 8, 2024. Madalina Vasiliu/The Epoch Times
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Sales at small businesses declined in June from the previous month as high prices forced consumers to scale down spending on goods and services, according to a report by fintech company Fiserv.

The Fiserv Small Business Index, which measures the performance of small businesses in the United States, declined by four points last month, to 140, from May, according to a July 8 statement. While small-business sales and transactions grew on a yearly basis, these metrics slowed down month over month, suggesting the pace of growth is slowing down.
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.