US Small-Business Optimism Drops on Outlook for Economy, Credit
- More owners see business conditions worsening in NFIB survey
- Difficulty getting a loan was similar to when SVB collapsed
Businesses in the Queens borough of New York.
Photographer: Gabriela Bhaskar/BloombergThis article is for subscribers only.
US small-business optimism dropped to a four-month low in September, reflecting worsening expectations for the economy and credit conditions.
A National Federation of Independent Business index of sentiment fell by half a point to 90.8 last month, the group said Tuesday. A net 43% of small-business owners saw business conditions deteriorating in the next six months, the most since May.