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Small Business Owners Expecting Increased Sales

Business owners see higher non-labor costs

One out of two U.S. small business owners expect increased sales in the next six months, but non-labor costs could squeeze profits and lead to higher selling prices over the same period, according to a new PNC Economic Outlook survey.
The survey indicates owners’ expectations for sales and profits have rebounded from unexpected setbacks last fall along with a brighter outlook for hiring full-time employees. However, 64 percent foresee higher non-labor costs, which will prompt owners to raise prices in an effort to preserve profit margins......


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