Fiserv Small Business Index Monthly Overview August 2025

This document is a monthly overview report for August 2025, detailing the Fiserv Small Business Index. It presents an analysis of small business sales trends, indicating that the index held steady at 149, with sales remaining relatively unchanged from July. The report highlights consumer behavior, noting a cautious approach despite a rise in foot traffic. Average ticket sizes decreased, reflecting a shift towards value-seeking. Retail sales growth was steady, with food and beverage sectors showing the most significant month-over-month increase. The report also discusses the performance of quick-service restaurants, which experienced a notable sales surge. Additionally, it examines the dynamics between discretionary and essential spending, revealing a tactical reallocation by consumers. The index reflects a year-over-year growth of 3.9% and a slight month-over-month decline. Overall, the report documents the current state of small business sales and consumer spending patterns in the context of economic conditions.