Xero Small Business Insights (XSBI)
We use anonymised and aggregated data to track the performance of, and improve understanding about, small businesses.
Understand how the index is calculated.
Xero Small Business Index
The Xero Small Business Index is a single measure that shows changes in the performance of small businesses from month to month.
Small business sales
In Canada and the United States the main indicator we track is small business sales, measured in year-over-year (y/y) terms.
United States sales
Small business sales in the United States slowed to a still healthy 11.3% y/y in March 2022.
Global updates and data
This month’s global update
The latest on the state of small businesses around the world.
This month’s data
Download all the Xero Small Business Index data in Excel format.
Methodology
An explanation of data sources and how the index is constructed.
Small business research hub
For deeper insights and analysis, explore the latest commentary, research, and data from the global small business sector.
Commentary and research
Find the latest economic commentary and research, viewed through a small business lens.
Special reports
Take a deep dive into specific small business data and topics.
Mindset research
Explore research into the mindset and motivations of small business owners around the world.
Contact us about Xero Small Business Insights
Arming small business owners with simple but powerful insights. If you have any questions, reach out to us.