U.S. May Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index rose to 96.6 last month, compared to 95.2 in April.

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

=============================================================================
                               May  April  March   Feb.   Jan.   Dec.  6-mo.
                              2014   2014   2014   2014   2014   2013   Avg.
=============================================================================
Optimism Index                96.6   95.2   93.4   91.4   94.1   93.9   94.1
 Monthly change               1.5%   1.9%   2.2%  -2.9%   0.2%   1.5%   0.7%
                             ----------Percent of firms reporting:----------
Plan to Hire                   10%     8%     5%     7%    12%     8%     8%
Higher selling prices          12%    12%     9%     1%     2%    -1%     6%
Increased capital spending     24%    25%    24%    25%    24%    26%    25%
Plan to increase inventory      1%     3%     1%    -5%    -3%    -2%    -1%
=============================================================================
                               May  April  March   Feb.   Jan.   Dec.  6-mo.
                              2014   2014   2014   2014   2014   2013   Avg.
=============================================================================
Expect better economy           0%    -9%   -18%   -19%   -11%   -11%   -11%
Expect higher sales            15%    10%    12%     3%    15%     8%    11%
Inventory satisfaction         -2%    -1%     0%    -4%    -2%    -5%    -2%
Positions not able to fill     24%    24%    22%    22%    22%    23%    23%
Easing of credit conditions    -7%    -6%    -7%    -7%    -7%    -7%    -7%
Good time to expand            10%     8%     8%     6%     8%    10%     8%
Positive earnings trends      -17%   -20%   -24%   -27%   -27%   -22%   -23%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 678 firms.

SOURCE: National Federation of Independent Business

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