Survey: Higher costs weighed on businesses in Q1
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.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Export-Import Bank in dispute in Congress
- EPA failing to stop natural gas pipeline leaks, internal watchdog says
- Retailer rolls dice on TargetExpress
- Russian consumer watchdog targets McDonald’s items
- JetBlue considers charging for first checked bag
- Car dealers find silver lining in cloud of vehicle recalls
- Plug-in Accord makes gas station visits rare
- Engine that quits a mystery
- Latrobe’s Ci Medical Technologies transforms to medical device business
- Citizens Bank parent says 6-month profit doubles
- 2 cars put 50 mpg in rearview