New Phase of Small Business Pulse Survey Shows if Supply Chain Disruptions, High Prices Continue

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?

The national average percentage of small businesses reporting large price increases the fifth week of Phase 6 (Sept. 13 – 19) was 28.8% and for those reporting moderate prices increases, it was 40.3%.

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.

The first week of Phase 6 was August 16 -22, 2021 at which time nearly 30% of U.S. small businesses indicated they were experiencing large price increases and 40% of U.S. small businesses reported moderate price increases.

Over the course of the ensuing nine weeks, the national average for small businesses indicating moderate price increases (compared to what was normal before March 13, 2020) remained at close to 40%.

<div id="titlecore-1ba2eafdda"

Where this page came from

This page was imported from U.S. Census Bureau. Published by the U.S. Census Bureau and, as a work of the United States government, in the public domain; material credited to others is left out.

Nobody has written it yet — it is the source material at a new address, which is why search engines are asked to skip it and why no one earns from it. It is up for grabs: take it on, and it is yours to rewrite and to earn from.