Tuesday, January 26, 2021

Small Business Pulse Survey Shows Shift in Expectations from Spring to Winter

16.5% of businesses experienced little or no effect from pandemic, 55.3% expect long-term challenges. Learn more in this story.
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America Counts: Stories Behind the Numbers

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Small Business Pulse Survey Shows Shift in Expectations from Spring to Winter

The U.S. Census Bureau's Small Business Pulse Survey (SBPS) started asking businesses in April of last year when they expect to return to normal levels of operations, a crucial indication of how they are adapting to the pandemic, social distancing, and other public health strategies.

The SBPS, which has provided near real-time information on how small-single-location-employer businesses have been faring since late April when it began collecting data, has now concluded its third phase.

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Business expectations about the future of the economy, customer demand, and the availability of supplies and inputs impact key decisions from hiring to investing.

From spring to winter, business expectations of a return to normal level of operations have shifted so that there are many businesses with expectations at opposite extremes: businesses with expectation of a short-term return to normal and those facing long-term challenges.

Continue reading to learn more about:

  • Differing expectations by sector
  • Why expectations differ from sector to sector
  • Additional surveys on business information

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