U.S. October Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index rose to 93.1 last month, compared to 92.8 in September.

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

=============================================================================
                              Oct.  Sept.   Aug.   July   June    May  6-mo.
                              2012   2012   2012   2012   2012   2012   Avg.
=============================================================================
Optimism Index                93.1   92.8   92.9   91.2   91.4   94.4   92.6
 Monthly change               0.3%  -0.1%   1.9%  -0.2%  -3.2%  -0.1%  -0.2%
                             ----------Percent of firms reporting:----------
Plan to Hire                    4%     4%    10%     5%     3%     6%     5%
Higher selling prices           5%     6%     9%     8%     3%     3%     6%
Increased capital spending     22%    21%    24%    21%    21%    24%    22%
Plan to increase inventory     -1%    -1%    -1%    -1%     0%     2%     0%
=============================================================================
                              Oct.  Sept.   Aug.   July   June    May  6-mo.
                              2012   2012   2012   2012   2012   2012   Avg.
=============================================================================
Expect better economy           2%     2%    -2%    -8%   -10%    -2%    -3%
Expect higher sales             3%     1%     1%    -4%    -3%     2%     0%
Inventory satisfaction          0%    -1%     0%     0%     0%     0%     0%
Positions not able to fill     16%    17%    18%    15%    15%    20%    17%
Easing of credit conditions    -8%    -7%    -9%    -7%    -8%   -10%    -8%
Good time to expand             7%     7%     4%     5%     5%     7%     6%
Positive earnings trends      -26%   -27%   -28%   -27%   -22%   -15%   -24%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 2,029 firms.

SOURCE: National Federation of Independent Business

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