Business Leaders Report Falling Margins
August 08, 2022
Input costs remain high and profit margins moderate says the Business Conditions survey conducted by The National Association for Business Economics (NABE) early July. The survey reflects the second-quarter 2022 results and the near-term outlook on business conditions in their firms or industries.
More businesses report declining profit margins for the first time in almost two years, mainly due to rising cost of materials and labor. The Net Rising Index for materials costs in Q2 2022 is the highest reading since 1994.