A helpful measure of the business outlook for small companies, the NFIB optimism index, rose .2 pts to 89, a touch below expectations and the components were mixed. Hiring plans fell 4 pts to -3, the lowest since Nov ’09 but those that said its a Good Time to Expand rose 2 pts. Those that Expect a Better Economy rose 5 pts but those that Expect Higher Sales fell by 3 pts. Cap ex plans rose 3 pts and those firms planning on increasing inventory rose by 4 pts. Easing of Credit Conditions remained at -14, the lowest since Apr. Notwithstanding higher commodity prices, those that plan on Higher Selling Prices fell by 3 pts. An aside, Greece sold 6 mo paper at a yield of 4.54%, below the one done last month at 4.82%.
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