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U.S. November Small Business Optimism Index: Summary

Dec. 11 (Bloomberg) -- U.S. small business optimism declined in November, according to the National Federation of Independent Business.

The organization’s monthly small business optimism index fell to 87.5 last month, compared to 93.1 in October.

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

=============================================================================
                              Nov.   Oct.  Sept.   Aug.   July   June  6-mo.
                              2012   2012   2012   2012   2012   2012   Avg.
=============================================================================
Optimism Index                87.5   93.1   92.8   92.9   91.2   91.4   91.5
 Monthly change              -6.0%   0.3%  -0.1%   1.9%  -0.2%  -3.2%  -1.2%
                             ----------Percent of firms reporting:----------
Plan to Hire                    5%     4%     4%    10%     5%     3%     5%
Higher selling prices           0%     5%     6%     9%     8%     3%     5%
Increased capital spending     19%    22%    21%    24%    21%    21%    21%
Plan to increase inventory     -5%    -1%    -1%    -1%    -1%     0%    -2%
=============================================================================
                              Nov.   Oct.  Sept.   Aug.   July   June  6-mo.
                              2012   2012   2012   2012   2012   2012   Avg.
=============================================================================
Expect better economy         -35%     2%     2%    -2%    -8%   -10%    -9%
Expect higher sales            -5%     3%     1%     1%    -4%    -3%    -1%
Inventory satisfaction         -2%     0%    -1%     0%     0%     0%    -1%
Positions not able to fill     17%    16%    17%    18%    15%    15%    16%
Easing of credit conditions   -10%    -8%    -7%    -9%    -7%    -8%    -8%
Good time to expand             6%     7%     7%     4%     5%     5%     6%
Positive earnings trends      -32%   -26%   -27%   -28%   -27%   -22%   -27%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 733 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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