U.S. August Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index rose to 92.9 last month, compared to 91.2 in July.

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

=============================================================================
                              Aug.   July   June    May  April  March  6-mo.
                              2012   2012   2012   2012   2012   2012   Avg.
=============================================================================
Optimism Index                92.9   91.2   91.4   94.4   94.5   92.5   92.8
 Monthly change               1.9%  -0.2%  -3.2%  -0.1%   2.2%  -1.9%  -0.2%
                             ----------Percent of firms reporting:----------
Plan to Hire                   10%     5%     3%     6%     5%     0%     5%
Higher selling prices           9%     8%     3%     3%     8%     6%     6%
Increased capital spending     24%    21%    21%    24%    25%    22%    23%
Plan to increase inventory     -1%    -1%     0%     2%     0%     0%     0%
=============================================================================
                              Aug.   July   June    May  April  March  6-mo.
                              2012   2012   2012   2012   2012   2012   Avg.
=============================================================================
Expect better economy          -2%    -8%   -10%    -2%    -5%    -8%    -6%
Expect higher sales             1%    -4%    -3%     2%     6%     8%     2%
Inventory satisfaction          0%     0%     0%     0%     0%     3%     1%
Positions not able to fill     18%    15%    15%    20%    17%    15%    17%
Easing of credit conditions    -9%    -7%    -8%   -10%    -8%   -11%    -9%
Good time to expand             4%     5%     5%     7%     7%     7%     6%
Positive earnings trends      -28%   -27%   -22%   -15%   -12%   -23%   -21%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 736 firms.

SOURCE: National Federation of Independent Business

To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net

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

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