Bloomberg News

U.S. May Small Business Optimism Index: Summary

June 12, 2012

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

The organization’s monthly small business optimism index fell to 94.4 last month, compared to 94.5 in April.

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

=============================================================================
                               May  April  March   Feb.   Jan.   Dec.  6-mo.
                              2012   2012   2012   2012   2012   2011   Avg.
=============================================================================
Optimism Index                94.4   94.5   92.5   94.3   93.9   93.8   93.9
 Monthly change              -0.1%   2.2%  -1.9%   0.4%   0.1%   2.0%   0.4%
                             ----------Percent of firms reporting:----------
Plan to Hire                    6%     5%     0%     4%     5%     6%     4%
Higher selling prices           3%     8%     6%     1%    -1%     0%     3%
Increased capital spending     24%    25%    22%    23%    24%    24%    24%
Plan to increase inventory      2%     0%     0%     2%    -3%     2%     1%
=============================================================================
                               May  April  March   Feb.   Jan.   Dec.  6-mo.
                              2012   2012   2012   2012   2012   2011   Avg.
=============================================================================
Expect better economy          -2%    -5%    -8%    -6%    -3%    -8%    -5%
Expect higher sales             2%     6%     8%    12%    10%     9%     8%
Inventory satisfaction          0%     0%     3%     2%     1%     0%     1%
Positions not able to fill     20%    17%    15%    17%    18%    15%    17%
Easing of credit conditions   -10%    -8%   -11%   -10%    -9%    -9%   -10%
Good time to expand             7%     7%     7%     8%     9%    10%     8%
Positive earnings trends      -15%   -12%   -23%   -19%   -24%   -22%   -19%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 681 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


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