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Small Businesses Struggle with Inflation, Labor Shortages
Small Businesses Struggle with Inflation, Labor Shortages
November 8, 2022
Small Businesses Struggle with Inflation, Labor Shortages
- Of the 10 Index components, two increased, seven declined, and one was unchanged.
- Owners expecting better business conditions over the next six months deteriorated two points from September to a net negative 46%.
- The net percent of owners raising average selling prices decreased one point to a net 50% (seasonally adjusted). Half of all firms are raising prices, that’s inflation.
- The net percent of owners who expect real sales to be higher decreased three points from September to a net negative 13%.
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