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ASSOCHAM Small Business Confidence Index Q3 2022

September 16, 2022 1572 0 Industry Trends

ASSOCHAM Small Business Confidence Index Q3 2022

The Dun & Bradstreet-ASSOCHAM Small Business Confidence Index measures the level of optimism of small and medium businesses on key business parameters such as sales, employment, prices, inventory and investment.

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The business confidence level for Q3 2022 is lower than Q2 2022, according to business executives responding to the ASSOCHAM D&B Small Business Confidence Index survey. The index, which measures the level of optimism of small and medium businesses on key business parameters such as sales, employment, prices, inventory, and investment, stood at 83 in Q3 2022 compared to 87 in Q2 2022. An index value above 50 signals an improvement or increase in the forthcoming quarter compared to the same quarter in the previous year.

The precipitous fall in optimism for export orders is a likely reflection of the downward revision for global economic growth due to inflationary pressures, rising interest rates and spillovers from the Russia-Ukraine crisis.


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