Drooid Logo
Back to today’s briefing

Story perspectives

NY small-business confidence drops below 52-year average

By Drooid · · How we work

1 1 Full Breakdown

1 of 1

Story summary
  • The U.S. National Federation of Independent Business reports New York small-business confidence fell below its 52-year average in September.
  • Labor shortages topped owners' concerns, with 26% reporting no workers, up three points from August.
  • Inflation concerned 20% of owners and led 38% to raise prices, while 8% cut them.
  • Average business loan interest rose 0.8 points to 8.2% in September, while only 7% favored expansion.