U.S. August Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index fell to 94.0 last month, compared to 94.1 in July.

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

=============================================================================
                              Aug.   July   June    May  April  March  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Optimism Index                94.0   94.1   93.5   94.4   92.1   89.5   92.9
 Monthly change              -0.1%   0.6%  -1.0%   2.5%   2.9%  -1.4%   0.6%
                             ----------Percent of firms reporting:----------
Plan to Hire                   16%     9%     7%     5%     6%     0%     7%
Higher selling prices           2%     4%     8%     2%     3%    -1%     3%
Increased capital spending     25%    23%    23%    23%    23%    25%    24%
Plan to increase inventory      2%    -1%    -1%     3%     0%    -5%     0%
=============================================================================
                              Aug.   July   June    May  April  March  6-mo.
                              2013   2013   2013   2013   2013   2013   Avg.
=============================================================================
Expect better economy         -10%    -6%    -4%    -5%   -15%   -28%   -11%
Expect higher sales            15%     7%     5%     8%     4%    -4%     6%
Inventory satisfaction         -1%    -1%    -2%     1%    -1%    -1%    -1%
Positions not able to fill     16%    20%    19%    19%    18%    18%    18%
Easing of credit conditions    -6%    -8%    -7%    -6%    -8%    -6%    -7%
Good time to expand             7%     9%     7%     8%     4%     4%     7%
Positive earnings trends      -35%   -22%   -23%   -22%   -23%   -23%   -25%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 759 firms.

SOURCE: National Federation of Independent Business

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