Xero Small Business Insights (XSBI)

We use anonymised and aggregated data to track the performance of, and improve understanding about, small businesses.

A quick introduction to Xero Small Business Insights.

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.

  • The Australian Index

    The Australian Small Business Index rose 2 points in January, after falling 28 points in December.

  • The New Zealand Index

    The New Zealand Small Business Index fell 22 points in January, after falling 15 points in December.

  • The United Kingdom Index

    The United Kingdom's Small Business Index rose 7 points in January, after falling 8 points in December.

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.

Global updates and data

This month’s global update

The latest on the state of small businesses around the world.

Download latest update (PDF)

This month’s data

Download all the Xero Small Business Index data in Excel format.

Latest data (ZIP file)


An explanation of data sources and how the index is constructed.

Learn about the index

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.

View all monthly blogs and notes

Special reports

Take a deep dive into specific small business data and topics.

View all research reports

Mindset research

Explore research into the mindset and motivations of small business owners around the world.

View all mindset research and videos

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.