U.S. September Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index fell to 93.9 last month, compared to 94.1 in August.

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

=============================================================================
                             Sept.   Aug.   July   June    May  April  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Optimism Index                93.9   94.1   94.1   93.5   94.4   92.1   93.7
 Monthly change              -0.2%   0.0%   0.6%  -1.0%   2.5%   2.9%   0.8%
                             ----------Percent of firms reporting:----------
Plan to Hire                    9%    10%     9%     7%     5%     6%     8%
Higher selling prices           1%     2%     4%     8%     2%     3%     3%
Increased capital spending     25%    24%    23%    23%    23%    23%    24%
Plan to increase inventory     -2%    -2%    -1%    -1%     3%     0%    -1%
=============================================================================
                             Sept.   Aug.   July   June    May  April  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Expect better economy         -10%    -2%    -6%    -4%    -5%   -15%    -7%
Expect higher sales             8%     5%     7%     5%     8%     4%     6%
Inventory satisfaction          0%     0%    -1%    -2%     1%    -1%    -1%
Positions not able to fill     20%    19%    20%    19%    19%    18%    19%
Easing of credit conditions    -7%    -8%    -8%    -7%    -6%    -8%    -7%
Good time to expand             8%     6%     9%     7%     8%     4%     7%
Positive earnings trends      -23%   -21%   -22%   -23%   -22%   -23%   -22%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 773 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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