Small Business Pulse Survey Updates
The U.S. Census Bureau is in a unique position to produce data on the social and economic effects of COVID-19 on American households and small businesses.
Please note: data collection for Phase 5 of the Small Business Pulse Survey ended July 18th. Planning for Phase 6 is currently underway.
Based on responses collected July 12 through July 18, the Small Business Pulse Survey estimates that:
- 25.2% of U.S. small businesses report a large negative effect from the Coronavirus pandemic in the last week. For responses collected 6/21/20 – 6/27/20, this statistic was 37.7%
- 20.3% U.S. small businesses report a decrease in revenues in the last week. For responses collected 7/5-7/11, this statistic was 19.6%
- 15.8% of U.S. small businesses expect to make a capital expenditure in the next 6 months. For responses collected 7/5-7/11, this statistic was 16.2%
- 15.0% of U.S. small businesses report operating capacity to be affected by availability of supplies or inputs in the last week. For responses collected 7/5-7/11, this statistic was 14.4%
- 17.7% of U.S. small businesses expect to identify new supply chain options in the next 6 months
- 55.3% of U.S. Health Care and Social Assistance small businesses report a moderate negative effect from the coronavirus pandemic, higher than the national average of 42.4%
- 56.9% of U.S. Accommodation and Food Services small businesses expect to identify and hire new employees in the next 6 months
- The Overall Sentiment Index, which assesses the overall average effect of the pandemic on businesses, decreased to -0.41 from the prior week, indicating a more negative sentiment for SBPS responses collected 7/12 – 7/18
Information Courtesy of the US Census Weekly Pulse Newsletter: July 23, 2021
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