The net percent of owners raising average selling prices decreased eight points to a net 43% (seasonally adjusted), historically high.Forty-one percent of owners reported job openings that were hard to fill, down three points from November but historically very high.“Owners are managing several economic uncertainties and persistent inflation and they continue to make business and operational changes to compensate.” “Overall, small business owners are not optimistic about 2023 as sales and business conditions are expected to deteriorate,” said NFIB Chief Economist Bill Dunkelberg. Inflation remains the single most important business problem with 32% of owners reporting it as their top problem in operating their business. Owners expecting better business conditions over the next six months worsened by eight points from November to a net negative 51%. The NFIB Small Business Optimism Index declined 2.1 points in December to 89.8, marking the 12 th consecutive month below the 49-year average of 98. A net 5% of owners plan inventory investment in the coming months, up to one point from March.Below is a press release from the National Federation of Independent Business: The net percent of owners expecting higher real sales volumes improved one point to a net 1%.ħ% | Percentage of owners who view current inventory stocks as “too low” in April, up to four points. Hopefully supportive of improved productivity.ģ% | Percentage of all owners (seasonally adjusted) reported higher nominal sales in the past three months, up nine points from March. Twenty-seven percent plan capital outlays in the next few months. Of those making expenditures, 42% reported spending on new equipment, 25% acquired new vehicles, and 15% improved or expanded facilities.Ħ% | Prtcentage of those surveyed who acquired new buildings or land for expansion and 12% spent money for new fixtures and furniture.
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