

A net 27% plan to raise compensation in the next three months, down one point from November. Seasonally adjusted, a net 44% of owners reported raising compensation. A net 24% (seasonally adjusted) of owners plan price hikes, down 10 points from November. Price hikes were the most frequent in wholesale (77% higher, 7% lower), manufacturing (60% higher, 4% lower), construction (59% higher, 8% lower), and transportation (59% higher, 6% lower). Unadjusted, 12% reported lower average selling prices and 51% reported higher average prices. The net percent of owners raising average selling prices decreased eight points from November to a net 43% seasonally adjusted, the lowest level since May 2021. A net negative 4% of owners plan inventory investment in the coming months. By industry, shortages are reported most frequently in manufacturing (13%), retail (12%), transportation (12%), and agriculture (11%). Only 13% of owners reported no impact from recent supply chain disruptions.Ī net 1% of owners viewed current inventory stocks as “too low” in December, up three points from November, overall a good balance.

Another 30% reported a moderate impact and 32% reported a mild impact. Twenty-three percent of owners recently reported that supply chain disruptions have had a significant impact on their business. Fifteen percent reported increases in stocks and 16% reported reductions. The net percent of owners reporting inventory increases declined five points to a net 0%. The net percent of owners expecting higher real sales volumes deteriorated two points to a net negative 10%. Twenty-three percent of owners plan capital outlays in the next few months.Ī net negative 8% of all owners (seasonally adjusted) reported higher nominal sales in the past three months, down one point from November. Eleven percent improved or expanded facilities and 4% acquired new buildings or land for expansion. Of those making expenditures, 37% reported spending on new equipment, 22% acquired vehicles, and 12% spent money for new fixtures and furniture. Ninety-three percent of those hiring or trying to hire reported few or no qualified applicants for the positions they were trying to fill.įifty-five percent of owners reported capital outlays in the last six months. Overall, 55% of owners reported hiring or trying to hire in December.

