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Table 2.2 SMALL BUSINESS OPTIMISM INDEX COMPONENTS

Index Component                  Seasonally    Change From  Contribution
                               Adjusted Level   Last Month  Index Change

Plans to Increase Employment    −3%               3 −18%
Plans to Make Capital Outlays   18%             −1 6%
Plans to increase Inventories  −10%
Expect Economy to Improve      −21%               0 0%
Expect Real Sales Higher       −29%             −9 53%
Current Inventory               −5%             −9 53%
Current Job Openings            11%
Expected Credit Conditions     −16%               1 −6%
Now a Good Time to Expand                         0 0%
Earning Trends                    3%            −2 12%
Total Change                   −44%             −3 18%
                                                  3 −18%
                                               −17 100%
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