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Inflation Continues to Hinder Small Business Operations
Inflation Continues to Hinder Small Business Operations
May 14, 2024
Inflation Continues to Hinder Small Business Operations
- The net percent of owners who expect real sales to be higher rose six points from March to a net negative 12% (seasonally adjusted).
- A seasonally adjusted net 12% of owners reported planning to create new jobs in the next three months, up one point from March’s lowest level since May 2020.
- A net 26% (seasonally adjusted) of owners plan price hikes in April, down seven points and the lowest reading since April of last year.
- Forty percent (seasonally adjusted) of all owners reported job openings they could not fill in the current period, up three points from March, which was the lowest reading since January 2021.
- The net percent of owners raising average selling prices fell three points from March to a net 25% seasonally adjusted.
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