Prices Flat Amid Rising Labor CostsThe Producer Price Index for oil and gas well drilling services was relatively flat in March compared to a year ago (down 0.3%) after rising 9.2% in the previous annual comparison, according
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Higher Orders, Inventories New product orders for nondefense aircraft and parts were up 2.8% in March 2024 compared to a year ago and were up 106.4% from the previous month, according to the Census Bureau. Product inventories
Law Firm Moderate Industry Sales GrowthLaw firms’ sales are expected to notch moderate growth over the next several years. The industry’s year-over-year sales rose 3.2% in 2022 before rising to 4.5% growth in 2023, according to Inforum
Marketing Budgets Drop Marketing budgets are down in 2024 compared to last year, according to Gartner’s 2024 CMO Spend Survey. On average, marketing budgets have fallen to 7.7% of revenue in 2024 compared to 9.1% in 2023.
Wage Growth Outpaces Pricing Growth Wages in the electrical contracting industry rose moderately year-over-year in Q4, according to the Bureau of Labor Statistics (BLS). Meanwhile, BLS data show that producer prices for nonresidential electrical contractors have been
Law Firm Wage Growth Outruns PricingUS producer prices charged by law firms are not rising as fast as industry wages, which could suggest some firms’ margins may be squeezed by higher labor costs. In late Q3 2023,
Wage Growth Outpaces Price GrowthProducer prices charged by nonresidential HVAC and plumbing contractors have risen steadily in 2023 and, by Q4, were up slightly over the same period in 2022, according to the Bureau of Labor Statistics (BLS). However, BLS data
Firms Raise Fees Investment bankers and securities brokers significantly increased their prices during 2023. Industry employment and average wages for nonsupervisory employees increased slightly during the period.News Spotlight:As M&A deals return, banks want to switch up their associates and
