
NYC Small Business Confidence Trails National Average as Rising Costs and Tourism Slowdown Squeeze Local Operators
New York small business owners reported lower confidence than their national counterparts in three fundamental economic categories, the National Federation of Independent Business revealed in a state-specific report released July 9. The findings land as the NYC Comptroller’s July economic outlook flagged persistent inflation, a tourism season that underperformed expectations, and a city budget cycle that is pulling support from the very industrial organizations small manufacturers depend on. Key Takeaways New York small businesses scored below the national average in “Expecting Economy to Improve,” “Plans to Increase Employment,” and “Now a Good Time to Expand,” per the NFIB’s July 9 state report Significantly fewer New York owners rated their businesses in excellent or good health compared to the national sample, trailing by four points in each category New York City’s 12-month inflation rate averaged 4.1% through June 2026, a full point above the national rate of 3.5%, per the NYC Comptroller’s July outlook The Mamdani administration is







































