Bloomberg News

U.S. June Small Business Optimism Index: Summary

July 10, 2012

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

The organization’s monthly small business optimism index fell to 91.4 last month, compared to 94.4 in May.

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

=============================================================================
                              June    May  April  March   Feb.   Jan.  6-mo.
                              2012   2012   2012   2012   2012   2012   Avg.
=============================================================================
Optimism Index                91.4   94.4   94.5   92.5   94.3   93.9   93.5
 Monthly change              -3.2%  -0.1%   2.2%  -1.9%   0.4%   0.1%  -0.4%
                             ----------Percent of firms reporting:----------
Plan to Hire                    3%     6%     5%     0%     4%     5%     4%
Higher selling prices           3%     3%     8%     6%     1%    -1%     3%
Increased capital spending     21%    24%    25%    22%    23%    24%    23%
Plan to increase inventory      0%     2%     0%     0%     2%    -3%     0%
=============================================================================
                              June    May  April  March   Feb.   Jan.  6-mo.
                              2012   2012   2012   2012   2012   2012   Avg.
=============================================================================
Expect better economy         -10%    -2%    -5%    -8%    -6%    -3%    -6%
Expect higher sales            -3%     2%     6%     8%    12%    10%     6%
Inventory satisfaction          0%     0%     0%     3%     2%     1%     1%
Positions not able to fill     15%    20%    17%    15%    17%    18%    17%
Easing of credit conditions    -8%   -10%    -8%   -11%   -10%    -9%    -9%
Good time to expand             5%     7%     7%     7%     8%     9%     7%
Positive earnings trends      -22%   -15%   -12%   -23%   -19%   -24%   -19%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 740 firms.

SOURCE: National Federation of Independent Business

To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net


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