Beyond the Trends

A small business New Year’s resolution

In 2023 small businesses’ resolution will be to prepare for higher costs and contend with consumers who are tightening their belts, as macroeconomic pressures squeeze their ability to spend. 

In 2022 holiday shopping season saw holiday spending increase by 7.6% YOY, according to Mastercard
Source: Mastercard

Chart: Change in Retail Sales Month over Month
Source: https://fred.stlouisfed.org

Beyond the Trends is a quarterly report written by Experian Business Information Services. The report offers a unique view of the small business economy based on what we see in the data. With up to date information on over 25 million active businesses and how they perform from a credit standpoint. Experian will share insights and commentary on how economic conditions, public policy, and other factors might shape future small business performance.

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