Monday, July 4

Almost 60% of the self-employed have raised the prices of their products, according to ATA

Almost 60% of the self-employed, specifically 57%, have raised the prices of their products or activities in the current context of the inflationary crisis, according to the latest barometer of the ATA self-employed association, based on the responses of 1,246 professionals in the country. The responses of self-employed workers show that almost 80% have been “fairly” or “very” affected in their businesses by inflation.

They are two of the answers that are extracted from the last survey carried out by the National Federation of Associations of Autonomous Workers (ATA), within the CEOE employers’ association. The results are based on 1,246 responses from freelancers between May 13 and 16 “about the forecast they have regarding their businesses and how they are being affected by the situation we are going through,” explains the organization.

Two years into the pandemic, two out of three self-employed workers, 66.5%, respond that they have not recovered what was lost during the COVID crisis. On the contrary, “32% of the self-employed surveyed affirm that they have returned to normality and have an economic and employment situation similar to that prior to March 2020.”

Inflation affects 8 out of 10 self-employed

In the current inflationary context, a large part of the barometer’s questions have focused on how the price boom is affecting workers and whether they are transferring them to prices.

In total, almost 8 out of 10 self-employed workers say that inflation is having a significant effect on their businesses. 44% indicate that it affects “quite a lot” and another 35% indicate that “a lot”. In contrast, only 2.2% answered that they had not been “at all” harmed by it and 15% that “a little”, with the rest of the respondents who “do not know or do not answer”.

If you look at where they are noticing the cost boom the most, the self-employed interviewed point above all to the rise in the prices of raw materials (with 55% of those surveyed “quite a bit” or “very” affected in their businesses by this factor), followed by fuels (54.5%) and the rise in the cost of electricity (49%).

As a consequence, almost 60% of the self-employed respond that “they have been forced to raise the prices” of their products or services, while just over a third, 37.8%, have not done so.

Regarding future prospects, the vast majority of the self-employed consider that they are going to apply price increases. Specifically, 62.3%, while another 23.4% of those surveyed are inclined not to do so.

Most expect to keep staff

Regarding employment forecasts, the forecast for the majority of the self-employed is to maintain their workforce: 31.3% of those surveyed answered that their forecast is to be able to keep their workers and 6.8% think of increasing their number.

Another 40% of the self-employed surveyed affirm that they do not need employees, since their activity does not require them, and finally 10% respond that they believe that their workforce will decrease.