";s:4:"text";s:4423:" It can be used to monitor output growth and to anticipate turning points in economic activity.
Owners anticipate improving sales as the economy continues to re-open with sales expectations rebounding to a net 13% after April’s lowest reading in survey history (a net negative 42%). Overall, access to capital is not a serious problem, likely due to the popularity of the Paycheck Protection Program that most small business employers have accessed.One percent reported that financing was their top business problem.
Plans are trending up but remain at recession levels.A net negative 31% of all owners (seasonally adjusted) reported higher nominal sales in the past three months, down 12 points from May. ABCI™.
Eight percent of owners cited labor costs as their top business problem.Nineteen percent of owners selected “finding qualified labor” as their top business problem. In The Conference Board of Canada’s latest survey of business leaders, business confidence dropped to its lowest level on record.
A net 12% (seasonally adjusted) plan price hikes, up 3 points from May.A net 14% (seasonally adjusted) reported raising compensation, well below the 36% reading in February prior to the pandemic. The historic 61-point drop over March and April has been followed by a 55-point increase over the past 2 months as owners are expecting higher sales with business re-openings.Also improving from May, the net percent of owners reporting inventory increases went up 1 point to a net negative 14%. Business Confidence Index (BCI) is a leading indicator of future developments in the country. The Index of business confidence has been produced since 1993. Of those making expenditures, 32% reported spending on new equipment (down 3 points), 18% acquired vehicles (down 2 points), and 14% improved or expanded facilities. Get economic data. This is one of the highest readings historically and good news for growth.Seasonally adjusted, the net percent of owners raising average selling prices rose 9 points to a net negative 5%. Snapshot of data for a fixed period (data will not change even if updated on the site)
Re-opening the economy has been slow, especially in the services sector including travel, entertainment, salons, and other more public-facing businesses.The net percent of owners expecting higher real sales volumes improved 37 points to a net 13% of owners.
The standardized Business Confidence Indicators (BCI) are confidence indicators comparable across countries. If you need this data on a regular basis, consider a … Unadjusted, 18% reported lower average selling prices and 15% reported higher average prices. It can be used to monitor output growth and to anticipate turning points in economic activity.
(AP Photo/Seth Wenig, …
All Rights Reserved | Most Recent Small Business Economic Trends Report | NFIB The net percent of owners reporting paying a higher rate on their most recent loan was negative 9%, up 4 points. Among the owners reporting weaker profits, 61% blamed weak sales, 9% blamed usual seasonal change, 5% cited price changes, 3% cited labor costs, and 1% cited material costs. The Federal Reserve policies have driven interest rates to historically low levels.NFIB’s Research Foundation randomly sampled 12,500 NFIB members between mid-November and mid-December, 2012 and asked them about a range of issues concerning the current federal tax code. Inventory levels are surprisingly low. Organisation for Economic Co-operation and Development (OECD)