The Federal Reserve Bank of Atlanta publishes a monthly report titled “Business Inflation Expectations” (BIE) that contains statistics from a survey of regional businesses’ views on various factors that impact profitability. These factors include unit costs, unit cost expectations, sales levels, profit margins, and other factors.
As described on the site:
Approximately 300 panelists receive the survey each month. Panelists represent businesses of various sizes headquartered within the Sixth District, which encompasses Alabama, Florida, Georgia, and sections of Louisiana, Mississippi, and Tennessee. Panelists range from executives of large corporations to owner-operators of small businesses. The industry composition of the panel roughly reflects the makeup of the national economy. Nevertheless, survey responses are weighted by industry shares of national gross domestic product.
An excerpt from the July 2018 BIE Survey dated July 11, 2018 (involving 182 firms responding):
- Inflation expectations: Firms’ inflation expectations went unchanged at 2.1 percent over the year ahead.
- Quarterly question: On average, weighted by sector contribution to GDP, firms long-term inflation expectations (per year, over the next five to 10 years) were roughly unchanged at 2.8 percent, compared to the last measure of 2.9 percent in April.
The report also includes other questions and a variety of charts and tables depicting respondents’ answers.
RevSD, LLC offers the above commentary for informational purposes only, and does not necessarily agree with all (or any) of the views expressed by these outside parties.