U.S. February Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index rose to 90.8 last month, compared to 88.9 in January.

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

=============================================================================
                              Feb.   Jan.   Dec.   Nov.   Oct.  Sept.  6-mo.
                              2013   2013   2012   2012   2012   2012   Avg.
=============================================================================
Optimism Index                90.8   88.9   88.0   87.5   93.1   92.8   90.2
 Monthly change               2.1%   1.0%   0.6%  -6.0%   0.3%  -0.1%  -0.3%
                             ----------Percent of firms reporting:----------
Plan to Hire                    4%     3%     1%     5%     4%     4%     4%
Higher selling prices           2%     2%     0%     0%     5%     6%     3%
Increased capital spending     25%    21%    20%    19%    22%    21%    21%
Plan to increase inventory     -1%    -7%    -4%    -5%    -1%    -1%    -3%
=============================================================================
                              Feb.   Jan.   Dec.   Nov.   Oct.  Sept.  6-mo.
                              2013   2013   2012   2012   2012   2012   Avg.
=============================================================================
Expect better economy         -28%   -30%   -35%   -35%     2%     2%   -21%
Expect higher sales             1%    -1%    -2%    -5%     3%     1%    -1%
Inventory satisfaction          1%    -1%     0%    -2%     0%    -1%    -1%
Positions not able to fill     21%    18%    16%    17%    16%    17%    18%
Easing of credit conditions    -8%    -9%   -11%   -10%    -8%    -7%    -9%
Good time to expand             5%     6%     8%     6%     7%     7%     7%
Positive earnings trends      -26%   -26%   -29%   -32%   -26%   -27%   -28%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 870 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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