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Rising Energy Prices Replace Interest Rate Hikes as No. 1 Concern of Small Business Owners; PNC Economic Outlook Survey Indicates Risk of Broader Inflationary Pressures.
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PR Newswire
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October 6, 2005
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Copyright informationCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PITTSBURGH, Oct. 6 /PRNewswire/ -- Concerns about higher energy prices and other increasing costs are growing among small- and mid-sized business owners across the United States. Nearly half intend to raise customer prices, with 19 percent planning to boost prices 5 percent or more, thus signaling an increase in inflationary pressures, according to the PNC Economic Outlook survey.
Their outlook for sales, profits and hiring for the next six months has moderated amid a decline in their optimism about the U.S. economy compared to this past Spring's record high levels and on a par with one year ago, the survey found.
The survey was conducted for The PNC Financial ...
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