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Small Business Owners Pessimistic About Future Business Conditions
Small Business Owners Pessimistic About Future Business Conditions
December 12, 2023
Small Business Owners Pessimistic About Future Business Conditions
- Owners expecting better business conditions over the next six months increased one point from October to a net negative 42% seasonally adjusted.
- A net negative 17% of all owners (seasonally adjusted) reported higher nominal sales in the past three months, unchanged from October and the lowest reading since July 2020.
- Forty percent (seasonally adjusted) of owners reported job openings that were hard to fill, down three points.
- Seasonally adjusted, a net 30% of owners plan to raise compensation in the next three months, up six points from October and the highest since December 2021.
- The net percent of owners raising average selling prices decreased five points from October to a net 25% (seasonally adjusted).
- The net percent of owners who expect real sales to be higher increased two points from October to a net negative 8% (seasonally adjusted).
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