NEW NFIB SURVEY: Inflation Continues to Plague Main Street
NEW NFIB SURVEY: Inflation Continues to Plague Main Street
August 13, 2024
NEW NFIB SURVEY: Inflation Continues to Plague Main Street
- Seasonally adjusted, a net 33% reported raising compensation in July, down five points from June and the lowest reading since April 2021.
- A net 2% (seasonally adjusted) of owners plan inventory investment in the coming months, up four points from June. The last time inventory investment plans were positive was in October 2022.
- The net percent of owners expecting higher real sales volumes rose four points in July to a net negative 9% (seasonally adjusted), the highest reading of this year.
- The net percent of owners raising average selling prices fell five points from June to a seasonally adjusted net 22%.
- Seasonally adjusted, a net 24% plan price hikes in July (down two points). This is the lowest reading since April 2023.
- Thirty-eight percent (seasonally adjusted) of all owners reported job openings they could not fill in the current period, up one point from June.
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NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
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