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New York Fed EHIs Reveal Small Business Struggles

Liberty Street Economics · published 3 February 2026

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https://www.newyorkfed.org/research/economic-heterogeneity-indicators

newyorkfed.org

https://advocacy.sba.gov/wp-content/uploads/2025/09/EconomicBulletin_SecondQtr2025_090325_FINAL.pdf

advocacy.sba.gov

https://advocacy.sba.gov/wp-content/uploads/2025/06/United_States_2025-State-Profile.pdf

advocacy.sba.gov

https://www.fedsmallbusiness.org/reports/survey/2025/2025-report-on-nonemployer-firms

fedsmallbusiness.org

https://www.fedsmallbusiness.org/reports/survey/2025/2025-report-on-employer-firms

fedsmallbusiness.org

https://quickbooks.intuit.com/r/small-business-data/index/january-2026/

quickbooks.intuit.com

https://libertystreeteconomics.newyorkfed.org/wp-content/uploads/sites/2/2026/02/LSE_2026_EHI-small-business-sarkar_Data.xlsx

libertystreeteconomics.newyorkfed.org

https://www.newyorkfed.org/research/economists/sarkar

newyorkfed.org

https://www.newyorkfed.org/medialibrary/research/interactives/data/economic-heterogeneity-indicators/downloads/egi_regional_small_business.pdf?sc_lang=en&hash=6294BEACB4EF0F84CE7D2D191D1D0B35

newyorkfed.org

A New Dataset for Consumer Spending in the New York Fed EHIs Read at the source ↗

libertystreeteconomics.newyorkfed.org

https://doi.org/10.59576/lse.20260203b

doi.org