U.S. February Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index fell to 91.4 last month, compared to 94.1 in January.

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

=============================================================================
                              Feb.   Jan.   Dec.   Nov.   Oct.  Sept.  6-mo.
                              2014   2014   2013   2013   2013   2013   Avg.
=============================================================================
Optimism Index                91.4   94.1   93.9   92.5   91.6   93.9   92.9
 Monthly change              -2.9%   0.2%   1.5%   1.0%  -2.4%  -0.2%  -0.5%
                             ----------Percent of firms reporting:----------
Plan to Hire                    7%    12%     8%     9%     5%     9%     8%
Higher selling prices           1%     2%    -1%     2%     5%     1%     2%
Increased capital spending     25%    24%    26%    24%    23%    25%    25%
Plan to increase inventory     -5%    -3%    -2%     0%    -1%    -2%    -2%
=============================================================================
                              Feb.   Jan.   Dec.   Nov.   Oct.  Sept.  6-mo.
                              2014   2014   2013   2013   2013   2013   Avg.
=============================================================================
Expect better economy         -19%   -11%   -11%   -20%   -17%   -10%   -15%
Expect higher sales             3%    15%     8%     3%     2%     8%     7%
Inventory satisfaction         -4%    -2%    -5%    -4%    -5%     0%    -3%
Positions not able to fill     22%    22%    23%    23%    21%    20%    22%
Easing of credit conditions    -7%    -7%    -7%    -7%    -8%    -7%    -7%
Good time to expand             6%     8%    10%     9%     6%     8%     8%
Positive earnings trends      -27%   -27%   -22%   -24%   -23%   -23%   -24%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 792 firms.

SOURCE: National Federation of Independent Business

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