U.S. October Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index fell to 91.6 last month, compared to 93.9 in September.

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

=============================================================================
                              Oct.  Sept.   Aug.   July   June    May  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Optimism Index                91.6   93.9   94.1   94.1   93.5   94.4   93.6
 Monthly change              -2.4%  -0.2%   0.0%   0.6%  -1.0%   2.5%  -0.1%
                             ----------Percent of firms reporting:----------
Plan to Hire                    5%     9%    10%     9%     7%     5%     8%
Higher selling prices           5%     1%     2%     4%     8%     2%     4%
Increased capital spending     23%    25%    24%    23%    23%    23%    24%
Plan to increase inventory     -1%    -2%    -2%    -1%    -1%     3%    -1%
=============================================================================
                              Oct.  Sept.   Aug.   July   June    May  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Expect better economy         -17%   -10%    -2%    -6%    -4%    -5%    -7%
Expect higher sales             2%     8%     5%     7%     5%     8%     6%
Inventory satisfaction         -5%     0%     0%    -1%    -2%     1%    -1%
Positions not able to fill     21%    20%    19%    20%    19%    19%    20%
Easing of credit conditions    -8%    -7%    -8%    -8%    -7%    -6%    -7%
Good time to expand             6%     8%     6%     9%     7%     8%     7%
Positive earnings trends      -23%   -23%   -21%   -22%   -23%   -22%   -22%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 1,940 firms.

SOURCE: National Federation of Independent Business

To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net

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

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