US small businesses experienced positive sales growth in Q3 2024, with a 0.8% year-over-year increase, marking the first improvement since 2022. Late payments dropped to 9.1 days, and payment times improved to 28.7 days. Regional performance varied, with the Northeast leading. Optimism for 2025 is high, though tariffs on Canadian goods pose challenges to supply chains and operational costs.
US small businesses experienced positive sales growth in Q3 2024, with a 0.8% year-over-year increase, marking the first improvement since 2022. Late payments dropped to 9.1 days, and payment times improved to 28.7 days. Regional performance varied, with the Northeast leading. Optimism for 2025 is high, though tariffs on Canadian goods pose challenges to supply chains and operational costs.