Fiserv Small Business Index™ for April 2024: Sales at Retail and Service Businesses Grow, Discretionary Spend Slows [Yahoo! Finance]
Fiserv, Inc. (FI)
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Source: Yahoo! Finance
MILWAUKEE, May 03, 2024 BUSINESS WIRE Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index™ for April 2024. The Fiserv Small Business Index is an indicator of the performance of small businesses in the United States at national, state, and industry levels. Nationally, the seasonally adjusted Fiserv Small Business Index increased 4 points to 145. Small business sales grew 5.6% year-over-year, and 2.2% month-over-month. "Consumer spending shifted significantly in April, with appreciable gains in service-based business spending, which includes professional services such as tax preparation, offsetting a slowdown in discretionary spending," said Prasanna Dhore, Chief Data Officer at Fiserv. "Retail was also a bright spot in April, with small retailers seeing 7.7% year-over-year sales increases compared to 2023." Retail Rebounds from March, Household-Related Subsectors Lead the Way Nationally
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