Small business revenues are gradually recovering from recessionary depths, but are just now reaching levels seen before the recession began in 2007, according to the first-of-its kind Intuit Small Business Revenue Index. The Revenue Index is based on anonymized aggregated data from QuickBooks Online.
The September Indexes also shows:
• The employment index indicates that small businesses overall saw a decrease in monthly compensation by 0.2 percent with average monthly pay reaching the equivalent of $2,657, down $7 from August.
• Average monthly hours worked by hourly employees decreased 0.2 percent in September, which is equivalent to 106.0 hours, down about twelve minutes from August.
• Small business revenues overall saw a decline of 0.04 percent in August on a per-business basis.
• Real estate services saw a continued recovery this month with a 0.4 percent increase; in addition the real estate industry also saw a 0.4 percent increase.