TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Survey: Higher costs weighed on businesses in Q1

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Tuesday, April 22, 2014, 12:01 a.m.
 

Rising costs for materials and labor appeared to pressure businesses in the first quarter of the year, according to a quarterly survey from the National Association of Business Economics.

Thirty-one percent of businesses surveyed reported higher material costs, more than double the 15 percent in the previous survey. Thirty-five percent reported rising wages and salaries at their businesses in the past three months, up from 23 percent in January.

Yet the number of businesses that raised their prices in the past three months remained unchanged at 20 percent, according to the survey of 72 members, which was conducted between March 18 and April 1.

“It appears that businesses were not able to pass on costs increases, resulting in increased pressure on margins,” the survey findings said.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Private schools fill void in driver education in Western Pennsylvania
  2. Delphi buys CMU spinoff that makes self-driving car software
  3. Vote set at SEC to reveal pay gap between CEO and median employee at publicly traded companies
  4. Esmark CEO Bouchard: Steel industry ‘weathered through the storm’
  5. AmEx’s accord with merchants over fees rejected by judge
  6. Groups appeal Shell air permit for Beaver County project
  7. Obama’s Clean Power plan doesn’t change much; opponents remain firm
  8. Operating loss mounts at Highmark’s core hospital system
  9. FNB buying Harrisburg-based Metro Bancorp
  10. Earnings misses by Allstate, NRG drag market lower for 3rd consecutive day
  11. Polymer Enterprises finds success in specialty tire market