U.S. December Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index rose to 93.9 last month, compared to 92.5 in November.

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

=============================================================================
                              Dec.   Nov.   Oct.  Sept.   Aug.   July  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Optimism Index                93.9   92.5   91.6   93.9   94.1   94.1   93.4
 Monthly change               1.5%   1.0%  -2.4%  -0.2%   0.0%   0.6%   0.1%
                             ----------Percent of firms reporting:----------
Plan to Hire                    8%     9%     5%     9%    10%     9%     8%
Higher selling prices          -1%     2%     5%     1%     2%     4%     2%
Increased capital spending     26%    24%    23%    25%    24%    23%    24%
Plan to increase inventory     -2%     0%    -1%    -2%    -2%    -1%    -1%
=============================================================================
                              Dec.   Nov.   Oct.  Sept.   Aug.   July  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Expect better economy         -11%   -20%   -17%   -10%    -2%    -6%   -11%
Expect higher sales             8%     3%     2%     8%     5%     7%     6%
Inventory satisfaction         -5%    -4%    -5%     0%     0%    -1%    -3%
Positions not able to fill     23%    23%    21%    20%    19%    20%    21%
Easing of credit conditions    -7%    -7%    -8%    -7%    -8%    -8%    -8%
Good time to expand            10%     9%     6%     8%     6%     9%     8%
Positive earnings trends      -22%   -24%   -23%   -23%   -21%   -22%   -23%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 635 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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