Small Business Pulse Survey Reveals Price Increases by Sector

New phase of Small Business Pulse Survey shows if supply chain disruptions, high prices continue

America Counts: Stories Behind the Numbers Small Business Pulse Survey Reveals Price Increases by Sector As the first results of Phase 7 of the U.S. Census Bureau's Small Business Pulse Survey (SBPS) are released, we look back at some of the key takeaways from Phase 6. Let's take a closer look at the impact of worldwide supply chain disruptions and price increases on the nation's small businesses. Phase 6 wrapped up October 17 and Phase 7 went into the field November 15. Will Phase 7 show that these economic trends are continuing? Read More The SBPS measures the effect of changing business conditions during the coronavirus pandemic and other major events such as hurricanes on our nation's small businesses. It complements existing Census Bureau data by providing detailed, near real-time information on the challenges faced by small businesses. Phase 6 provided insights into supply chain disruptions and price changes at a time when these issues were reverberating around the world. According to SBPS responses, moderate and large increases in prices that businesses paid for goods and services compared to what was normal before March 13, 2020, were seen across several sectors. Continue reading to learn more about: Price increases varied by sector What's next? Help us spread the word about America Counts. Share this story on social media or forward it to a friend. Share This You May Be Interested U.S. Small Businesses Suffer Supply Chain Disruptions: Over 60% of manufacturers responding to the Small Business Pulse Survey saw disruptions in domestic supplies and 39% need to identify new supply options. Learn More About America Counts America Counts tells the stories behind the numbers in a new inviting way. It features stories on various topics such as families, housing, employment, business, education, economy, emergency management, health, population, income and poverty. Contact our Public Information Office for media inquiries or interviews. Don't miss an America Counts story! Subscribe here.

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