U.S. October Small Business Optimism Index: Summary

U.S. small business optimism increased in October, according to the National Federation of Independent Business.

The organization’s monthly small business optimism index rose to 90.2 last month, compared to 88.9 in September.

Following is a table compiled from the October small business optimism index.

=============================================================================
                              Oct.  Sept.   Aug.   July   June    May  6-mo.
                              2011   2011   2011   2011   2011   2011   Avg.
=============================================================================
Optimism Index                90.2   88.9   88.1   89.9   90.8   90.9   89.8
 Monthly change               1.5%   0.9%  -2.0%  -1.0%  -0.1%  -0.3%  -0.2%
                             ----------Percent of firms reporting:----------
Plan to Hire                    3%     4%     5%     2%     3%    -1%     3%
Higher selling prices          -1%     6%     1%     7%    10%    15%     6%
Increased capital spending     21%    20%    21%    20%    21%    20%    21%
Plan to increase inventory      0%    -2%    -5%    -3%    -3%    -3%    -3%
=============================================================================
                              Oct.  Sept.   Aug.   July   June    May  6-mo.
                              2011   2011   2011   2011   2011   2011   Avg.
=============================================================================
Expect better economy         -16%   -22%   -26%   -15%   -12%    -5%   -16%
Expect higher sales            -4%    -6%   -12%    -2%     0%     3%    -4%
Inventory satisfaction          0%    -1%     1%     0%    -1%    -1%     0%
Positions not able to fill     14%    14%    15%    12%    15%    12%    14%
Easing of credit conditions   -11%   -12%   -13%   -11%   -10%   -11%   -11%
Good time to expand             7%     6%     5%     6%     4%     5%     6%
Positive earnings trends      -26%   -27%   -26%   -24%   -24%   -24%   -25%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 2,077 firms.

SOURCE: National Federation of Independent Business

To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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