Small business optimism6/21/2023 ![]() ![]() The frequency of reports of positive profit trends declined two points to a net negative 15%. Ten percent of owners cited labor costs as their top business problem and 28% said that labor quality was their top business problem, up two points from July and both are record high readings. ![]() A net 26% plan to raise compensation in the next three months, down one point from July’s record high reading. Seasonally adjusted, a net 44% of owners plan price hikes.Ī net 41% (seasonally adjusted) reported raising compensation, up three points from July and a 48-year record high reading. ![]() Price hikes were the most frequent in wholesale (68% higher, 0% lower), manufacturing (60% higher, 2% lower), and retail (52% higher, 4% lower). Unadjusted, 4% reported lower average selling prices and 52% reported higher average prices. The net percent of owners raising average selling prices increased three points to a net 49% (seasonally adjusted). A net 11% of owners plan inventory investment in the coming months, up five points from July. Only 13% report no impact from recent supply chain disruptions.Ī net 11% of owners view current inventory stocks as “too low” in August, down one point from July’s record high. Over 37% of owners report supply chain disruptions have had a significant impact on their business, 29% report a moderate impact, and 21% report a mild impact. The net percent of owners reporting inventory increases rose four points to a net negative 2%. The net percent of owners expecting higher real sales volumes improved two points to a net negative 2%. Attala County Board of Supervisors District 2Ī net zero percent of all owners (seasonally adjusted) reported higher nominal sales in the past three months, down five points from July. ![]()
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