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PR: Small businesses expect rising sales, higher costs

37% plan to raise prices in response to higher costs

By Other Sources | Updated on April 01, 2011

PITTSBURGH, March 31, 2011 /PRNewswire/ — One out of two U.S. small business owners expect increased sales in the next six months, but rising non-labor costs threaten to squeeze profits and result in higher selling prices over the same period, according to the PNC Economic Outlook survey’s newest findings.

The spring findings of PNC’s biannual survey, which began in 2003, show owners’ expectations for sales and profits have rebounded from unexpected setbacks last fall along with a brighter outlook for hiring full-time employees. However, 64 percent foresee higher non-labor costs, which will prompt owners to raise prices in an effort to preserve profit margins.

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