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BtoB

Visa USA forecasts small-business spending growth

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San Francisco—Small-business spending will increase an estimated 5.4% this year to $4.7 trillion and reach $5.3 trillion in 2008, according to Visa USA, which released its small-business spending forecast Thursday.

Advertising and marketing spending by small businesses—defined as those with less than $25 million in annual sales—is expected to reach nearly $250 billion this year and grow at a compounded annual rate of about 9% through 2008.

The largest share of expenditures (34%) comprises core business services, including accounting, insurance, legal, and shipping and mailing. Core services are forecast to grow 5.7% this year, to $1.6 trillion.

—Carol Krol

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