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Small Businesses: Difference between revisions
→NFIB Survey
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== NFIB Survey == | == NFIB Survey == | ||
[[File:Screenshot 2023-07- | [[File:Screenshot 2023-07-11 114038.png|alt=|center|thumb|546x546px|https://strgnfibcom.blob.core.windows.net/nfibcom/SBET-May-2023.pdf]] | ||
=== June 2023 === | === June 2023 === | ||
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* A net negative 10% of all owners (seasonally adjusted) reported '''higher nominal sales in the past three months, down two points from May.''' The net percent of owners '''expecting higher real sales volumes improved seven points to a net negative 14%'''. A very negative outlook for the second half. | * A net negative 10% of all owners (seasonally adjusted) reported '''higher nominal sales in the past three months, down two points from May.''' The net percent of owners '''expecting higher real sales volumes improved seven points to a net negative 14%'''. A very negative outlook for the second half. | ||
* A net negative 3% of owners plan inventory investment in the coming months, a weak number. | * A net negative 3% of owners plan inventory investment in the coming months, a weak number. | ||
* The net percent of owners '''raising average selling prices decreased three points from May to a net 29% seasonally adjusted''', the lowest since March 2021. Seasonally | * The net percent of owners '''raising average selling prices decreased three points from May to a net 29% seasonally adjusted''', the lowest since March 2021. Seasonally adjusted, a '''net 31 percent plan price hikes (up 2 points)'''. | ||
* Seasonally adjusted, a '''net 36% of owners reported raising compensation, down five points from May'''. A net 22% plan to raise compensation in the next three months. | * Seasonally adjusted, a '''net 36% of owners reported raising compensation, down five points from May'''. A net 22% plan to raise compensation in the next three months. | ||
* The '''frequency of positive profit trends was a negative net 24%, up two points from May.''' Among owners reporting lower profits, 28% blamed weaker sales, 24% blamed the rise in the cost of materials, 13% cited the usual seasonal change, 10% cited labor costs, 8% cited lower prices, and 4% cited higher taxes or regulatory costs. | * The '''frequency of positive profit trends was a negative net 24%, up two points from May.''' Among owners reporting lower profits, 28% blamed weaker sales, 24% blamed the rise in the cost of materials, 13% cited the usual seasonal change, 10% cited labor costs, 8% cited lower prices, and 4% cited higher taxes or regulatory costs. | ||
* '''Two percent of owners reported that financing was their top business problem, down two points from May'''. Credit remains available but the price is rising as the Federal Reserve raises its policy rate. | * '''Two percent of owners reported that financing was their top business problem, down two points from May'''. Credit remains available but the price is rising as the Federal Reserve raises its policy rate. | ||