US small business sentiment rebounds in April

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

WASHINGTON - U.S. small-business confidence increased in April and the share of owners planning to raise prices was the smallest in a year, but persistent labor shortages continued to exert cost pressures for owners, a survey showed on Tuesday.

The proportion raising average selling prices fell three points to 25%. But the optimism over slower price increases was tempered somewhat by an elevated share of owners raising compensation. A 38% share of owners reported increasing compensation, unchanged from March. "Cost pressures remain the top issue for small business owners, including historically high levels of owners raising compensation to keep and attract employees," said Bill Dunkelberg, NFIB chief economist.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GameStop and AMC surge evokes 2021 meme stocks sagaExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »