U.S. July Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index rose to 94.1 last month, compared to 93.5 in June.

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

=============================================================================
                              July   June    May  April  March   Feb.  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Optimism Index                94.1   93.5   94.4   92.1   89.5   90.8   92.4
 Monthly change               0.6%  -1.0%   2.5%   2.9%  -1.4%   2.1%   1.0%
                             ----------Percent of firms reporting:----------
Plan to Hire                    9%     7%     5%     6%     0%     4%     5%
Higher selling prices           4%     8%     2%     3%    -1%     2%     3%
Increased capital spending     23%    23%    23%    23%    25%    25%    24%
Plan to increase inventory     -1%    -1%     3%     0%    -5%    -1%    -1%
=============================================================================
                              July   June    May  April  March   Feb.  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Expect better economy          -6%    -4%    -5%   -15%   -28%   -28%   -14%
Expect higher sales             7%     5%     8%     4%    -4%     1%     4%
Inventory satisfaction         -1%    -2%     1%    -1%    -1%     1%    -1%
Positions not able to fill     20%    19%    19%    18%    18%    21%    19%
Easing of credit conditions    -8%    -7%    -6%    -8%    -6%    -8%    -7%
Good time to expand             9%     7%     8%     4%     4%     5%     6%
Positive earnings trends      -22%   -23%   -22%   -23%   -23%   -26%   -23%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 1,615 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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