U.S. small businesses are growing despite trade uncertainty

Confidence in the U.S. economy remains high.
Line chart shows Visa business credit card payment volume growth indexed from 1Q2013 – from 121 in 2Q2013 to 202 in 2Q2019, up 18 points.
U.S. small businesses planning spend increase (by region): the South at 31% planning to increase spend, NE at 29%, the West at 28% and Midwest at 20%.
Pie chart shows 34% of small businesses have expanded, with 47% hiring more people, 25% adding new locations and 20% growing by mergers/acquisitions.