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SURVEY * USA - U.S. Firms to Raise Prices Amid High Costs
More U.S. companies plan to raise boost prices and limit hiring as a continuing surge in raw-material costs crimps profits
USA -Bloomberg/Transport Topics -21 July 2008: -- ... According to a new business survey, almost four times as many businesses plan to charge their customers more next quarter than expect to reduce prices, the survey by the National Association for Business Economics, Bloomberg reported... A net 9% of employers said they would increase payrolls over the next six months, the fewest in five years, the survey said... The report raises concern that rising expenses will contribute to a further pickup in inflation and a weakening in the labor market... A net 71% of firms said costs rose last quarter, up from 65% in the previous three months and the most since records began in 1994, the survey said...Labels: survey
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