A net 12% (seasonally adjusted) plan price hikes, up 3 points from May.Ī net 14% (seasonally adjusted) reported raising compensation, well below the 36% reading in February prior to the pandemic. Price hikes were the most frequent in retail (12% higher, 23% lower, and wholesale (18% higher, 28% lower). Unadjusted, 18% reported lower average selling prices and 15% reported higher average prices. Seasonally adjusted, the net percent of owners raising average selling prices rose 9 points to a net negative 5%. This is one of the highest readings historically and good news for growth. The net percent of owners planning to expand inventory holdings increased from May by 5 points to a net 7% as sales improved. Once states began to re-open, some owners had trouble getting some of the items for their customers. Owners had little time to manage their inventory position after the pandemic and had a drop in customers unexpectedly and quickly. 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.Īlso improving from May, the net percent of owners reporting inventory increases went up 1 point to a net negative 14%. The net percent of owners expecting higher real sales volumes improved 37 points to a net 13% of owners. Re-opening the economy has been slow, especially in the services sector including travel, entertainment, salons, and other more public-facing businesses. Plans are trending up but remain at recession levels.Ī net negative 31% of all owners (seasonally adjusted) reported higher nominal sales in the past three months, down 12 points from May. Twenty-two percent plan capital outlays in the next few months, up 2 points from May. Nearly half of small business owners surveyed reported capital outlays down in the next 6 months, the lowest level since December 2010.
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