As the summer "leisure" season takes hold, it's
hard not to feel the holiday Grinch breathing negativity down our
necks. Aside from all that is said and surveyed, business outlook
confidence levels from consumers to corporate leaders have been
taking a beating. Nothing like $5 per gallon for gas to get you
pumped for the trip to the grocer. As the
Federal Reserve's CFO Survey says, no revenue
growth and big jumps in cost are not healthy for anybody's
EBITDA waistline.
"At the median, CFOs expected unit costs to grow 10.2%
in 2022, up from 8.3% last quarter. They also forecast no growth in
inflation-adjusted revenue, compared with 3% real revenue growth in
the first quarter. In the meantime, CFOs projected a 9.3% jump in
prices in 2022, accompanied by an 8.4% jump in wage
costs." (
CFO.com)
