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    Fiserv Small Business Index for May 2024  133  0 Kommentare Small Business Sales Grow Modestly as Consumer Spending Patterns Shift

    Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for May 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.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240605948523/en/

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    May 2024 Fiserv Small Business Index (Graphic: Business Wire)

    May 2024 Fiserv Small Business Index (Graphic: Business Wire)

    “Small businesses are a bellwether of the U.S. economy,” said Jennifer LaClair, Head of Merchant Solutions at Fiserv. “The Fiserv Small Business Index provides insight into this critical ecosystem well ahead of other economic indicators, and the most recent index shows that consumers continue to spend at a healthy, though slightly slower, pace.”

    Nationally, the seasonally adjusted Fiserv Small Business Index for May remained steady at 145. Small business sales grew 4.3% year-over-year, and 0.2% month-over-month. Foot traffic grew 5.2% year-over-year and declined 0.5% compared to April.

    “Consumer spending recorded another uptick in May, though consumers are keeping a closer eye on their discretionary purchases,” said Prasanna Dhore, Chief Data Officer at Fiserv. “We’re also seeing a shift toward non-discretionary spending, as spending growth at grocery stores, for example, outpaced that at restaurants.”

    Retail Spending Stalls in May as Discretionary Spending Continues to Slow

    Nationally, small business retail spending was flat while transactions grew 0.7% month-over-month. Among all retail categories, Food & Beverage Retailers experienced the most significant spending expansion (+2.1%). Clothing (+0.3%), Sporting Goods (+0.2%), and Health/Personal Care (+0.2%) also delivered small gains over April. Other areas of Retail such as General Merchandise (-0.4%), Auto Parts (-0.9%), Building Materials (-1.1%), and Furniture (-1.9%), slipped in May, suggesting that consumers are curbing some of their discretionary spending.

    As Restaurant Spending Slows, Grocery Grows

    Consumers continue to seek a balance in food spending, given the significant share of wallet food purchases consume each month. Restaurant spending was up 4.1% year-over-year and grew slightly (+0.6%) from April. Restaurant foot traffic, however, decreased 1.2% compared to April, as consumers made more trips to Food & Beverage Retailers, including grocers, which saw foot traffic grow 8.4% year-over-year and 1.5% month-over-month.

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    Fiserv Small Business Index for May 2024 Small Business Sales Grow Modestly as Consumer Spending Patterns Shift Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for May 2024. The Fiserv Small Business Index is an indicator of the performance of small businesses in …