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Small business owners optimistic despite inflation, recession worries
Other - SEPTEMBER 8, 2022

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Small business owners optimistic despite inflation, recession worries

by Released

Small and mid-size business owners and executives have an optimistic outlook about the near-term future of their businesses as they ride out inflationary pressures, supply chain disruptions, and political and geopolitical uncertainties related to the national and local economies, according to the latest PNC semi-annual Economic Outlook survey.

The survey showed that business leaders’ expectations about their own companies remain strong, with nearly half (49 percent) feeling highly optimistic — similar to the spring survey — while the share of those feeling pessimistic has risen to 7 percent from a historic low of 2 percent in spring.

Concerns about inflation and the impact of price hikes on their businesses remain top of mind among owners and executives. Continued price increases are in the works among nearly two-thirds (63 percent) of businesses — a survey high. Of the businesses expecting to raise their prices, more than a third (36 percent) expect to raise c

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