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Small Businesses: Difference between revisions
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== | == The CFO Survey == | ||
Financial decision-makers lowered their expectations for U.S. economic growth in the next year, with almost 40 percent of small firms expecting that tighter financing will curtail business spending. <ref>https://www.richmondfed.org/press_room/press_releases/2023/the_cfo_survey_20230628</ref> | |||
{| class="wikitable" | |||
!CFOs' Growth Expectations for Their Own Firms, by Response Quarter | |||
! colspan="2" |Q2 2023 | |||
! colspan="2" |Q1 2023 | |||
|- | |||
|Mean (and Median) Expected Year-Over-Year Percentage Change for Calendar Years | |||
|2023 | |||
|2024 | |||
|2023 | |||
|2024 | |||
|- | |||
|Revenue | |||
|2.9% | |||
(5.0%) | |||
|6.7% | |||
(5.0%) | |||
|7.2% | |||
(6.0%) | |||
|7.1% | |||
(5.0%) | |||
|- | |||
|Price | |||
|4.6% | |||
(3.8%) | |||
|5.0% | |||
(3.0%) | |||
|5.2% | |||
(5.0%) | |||
|4.0% | |||
(4.0%) | |||
|- | |||
|Unit Cost | |||
|6.8% | |||
(5.0%) | |||
|5.7% | |||
(3.0%) | |||
|6.0% | |||
(5.0%) | |||
|4.6% | |||
(4.0%) | |||
|- | |||
|Employment (full-time) | |||
|6.1% | |||
(2.5%) | |||
|2.7% | |||
(1.5%) | |||
|2.2% | |||
(2.6%) | |||
|3.4% | |||
(2.5%) | |||
|- | |||
|Wage Bill | |||
|6.5% | |||
(5.0%) | |||
|5.9% | |||
(4.0%) | |||
|7.1% | |||
(5.0%) | |||
|5.9% | |||
(4.0%) | |||
|} | |||
{| class="wikitable" | |||
!CFOs’ Expectations for Real GDP Growth Over Next Four Quarters, by Response Quarter | |||
!Q2 2023 | |||
!Q1 2023 | |||
|- | |||
|Weighted Mean | |||
|1.0% | |||
|1.4% | |||
|- | |||
|Weighted Median | |||
|0.8% | |||
|1.3% | |||
|- | |||
|Probability of Negative Growth | |||
|24.5% | |||
|19.3% | |||
|} | |||
== Small Business Index == | == Small Business Index == | ||