NFIB September report shows strong economy; record uncertainty at highest ever, capex plans drop to 19%.

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“Stellar NFIB Sep report showing an economy steaming ahead at full throttle.

Max uncertainty – highest on record, higher than during COVID

Ease of hiring – Sep major easing vs August completely at odds with NFP – As easy as Dec 19 (Smalls are largest private employers in US)

See also  Record high fast food prices have made consumers increasingly reluctant to spend. Even fast food is becoming unaffordable.

% planning capex spend down 5 points to just 19% – the average since 86 is 29%”

 


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