U.S. April Small Business Optimism Index: Summary

May 14 (Bloomberg) -- U.S. small business optimism increased in April, according to the National Federation of Independent Business.

The organization’s monthly small business optimism index rose to 92.1 last month, compared to 89.5 in March.

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

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                             April  March   Feb.   Jan.   Dec.   Nov.  6-mo.
                              2013   2013   2013   2013   2012   2012   Avg.
=============================================================================
Optimism Index                92.1   89.5   90.8   88.9   88.0   87.5   89.5
 Monthly change               2.9%  -1.4%   2.1%   1.0%   0.6%  -6.0%  -0.1%
                             ----------Percent of firms reporting:----------
Plan to Hire                    6%     0%     4%     3%     1%     5%     3%
Higher selling prices           3%    -1%     2%     2%     0%     0%     1%
Increased capital spending     23%    25%    25%    21%    20%    19%    22%
Plan to increase inventory      0%    -5%    -1%    -7%    -4%    -5%    -4%
=============================================================================
                             April  March   Feb.   Jan.   Dec.   Nov.  6-mo.
                              2013   2013   2013   2013   2012   2012   Avg.
=============================================================================
Expect better economy         -15%   -28%   -28%   -30%   -35%   -35%   -29%
Expect higher sales             4%    -4%     1%    -1%    -2%    -5%    -1%
Inventory satisfaction         -1%    -1%     1%    -1%     0%    -2%    -1%
Positions not able to fill     18%    18%    21%    18%    16%    17%    18%
Easing of credit conditions    -8%    -6%    -8%    -9%   -11%   -10%    -9%
Good time to expand             4%     4%     5%     6%     8%     6%     6%
Positive earnings trends      -23%   -23%   -26%   -26%   -29%   -32%   -27%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 1,873 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