U.S. October Small Business Optimism Index: Summary

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

The organization’s monthly small business optimism index rose to 96.1 last month, compared to 95.3 in September.

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

=============================================================================
                              Oct.  Sept.   Aug.   July   June    May  6-mo.
                              2014   2014   2014   2014   2014   2014   Avg.
=============================================================================
Optimism Index                96.1   95.3   96.1   95.7   95.0   96.6   95.8
 Monthly change               0.8%  -0.8%   0.4%   0.7%  -1.7%   1.5%   0.2%
                             ----------Percent of firms reporting:----------
Plan to Hire                   10%     9%    10%    13%    12%    10%    11%
Higher selling prices           8%     4%     6%    14%    14%    12%    10%
Increased capital spending     26%    22%    27%    23%    22%    24%    24%
Plan to increase inventory      3%     2%     1%     0%    -1%     1%     1%
=============================================================================
                              Oct.  Sept.   Aug.   July   June    May  6-mo.
                              2014   2014   2014   2014   2014   2014   Avg.
=============================================================================
Expect better economy          -3%    -2%    -3%    -6%   -10%     0%    -4%
Expect higher sales             9%     5%     6%    10%    11%    15%     9%
Inventory satisfaction         -3%     0%    -2%    -3%    -2%    -2%    -2%
Positions not able to fill     24%    21%    26%    24%    26%    24%    24%
Easing of credit conditions    -5%    -7%    -5%    -5%    -7%    -7%    -6%
Good time to expand            11%    13%     9%    10%     7%    10%    10%
Positive earnings trends      -20%   -19%   -17%   -18%   -18%   -17%   -18%
Net compensation               19%    18%    22%    21%    21%    20%    20%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 1,502 firms.

SOURCE: National Federation of Independent Business

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