U.S. November Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index rose to 92.5 last month, compared to 91.6 in October.

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

=============================================================================
                              Nov.   Oct.  Sept.   Aug.   July   June  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Optimism Index                92.5   91.6   93.9   94.1   94.1   93.5   93.3
 Monthly change               1.0%  -2.4%  -0.2%   0.0%   0.6%  -1.0%  -0.3%
                             ----------Percent of firms reporting:----------
Plan to Hire                    9%     5%     9%    10%     9%     7%     8%
Higher selling prices           2%     5%     1%     2%     4%     8%     4%
Increased capital spending     24%    23%    25%    24%    23%    23%    24%
Plan to increase inventory      0%    -1%    -2%    -2%    -1%    -1%    -1%
=============================================================================
                              Nov.   Oct.  Sept.   Aug.   July   June  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Expect better economy         -20%   -17%   -10%    -2%    -6%    -4%   -10%
Expect higher sales             3%     2%     8%     5%     7%     5%     5%
Inventory satisfaction         -4%    -5%     0%     0%    -1%    -2%    -2%
Positions not able to fill     23%    21%    20%    19%    20%    19%    20%
Easing of credit conditions    -7%    -8%    -7%    -8%    -8%    -7%    -8%
Good time to expand             9%     6%     8%     6%     9%     7%     8%
Positive earnings trends      -24%   -23%   -23%   -21%   -22%   -23%   -23%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 762 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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