Bloomberg News

U.S. July Small Business Optimism Index: Summary

August 12, 2014

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

The organization’s monthly small business optimism index rose to 95.7 last month, compared to 95.0 in June.

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

=============================================================================
                              July   June    May  April  March   Feb.  6-mo.
                              2014   2014   2014   2014   2014   2014   Avg.
=============================================================================
Optimism Index                95.7   95.0   96.6   95.2   93.4   91.4   94.6
 Monthly change               0.7%  -1.7%   1.5%   1.9%   2.2%  -2.9%   0.3%
                             ----------Percent of firms reporting:----------
Plan to Hire                   13%    12%    10%     8%     5%     7%     9%
Higher selling prices          14%    14%    12%    12%     9%     1%    10%
Increased capital spending     23%    22%    24%    25%    24%    25%    24%
Plan to increase inventory      0%    -1%     1%     3%     1%    -5%     0%
=============================================================================
                              July   June    May  April  March   Feb.  6-mo.
                              2014   2014   2014   2014   2014   2014   Avg.
=============================================================================
Expect better economy          -6%   -10%     0%    -9%   -18%   -19%   -10%
Expect higher sales            10%    11%    15%    10%    12%     3%    10%
Inventory satisfaction         -3%    -2%    -2%    -1%     0%    -4%    -2%
Positions not able to fill     24%    26%    24%    24%    22%    22%    24%
Easing of credit conditions    -5%    -7%    -7%    -6%    -7%    -7%    -7%
Good time to expand            10%     7%    10%     8%     8%     6%     8%
Positive earnings trends      -18%   -18%   -17%   -20%   -24%   -27%   -21%
=============================================================================
NOTE: All figures are seasonally adjusted. The survey size was 1,645 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: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble


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