<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM FORM 10-QSB FOR THE QUARTERLY PERIOD ENDED JANUARY 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-QSB. </LEGEND> <CIK> 0001042187 <NAME> CTI Industries Corporation <MULTIPLIER> 1,000 <CURRENCY> dollars <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> OCT-31-1998 <PERIOD-START> NOV-01-1997 <PERIOD-END> JAN-31-1998 <EXCHANGE-RATE> 1.000 <CASH> 2,922 <SECURITIES> 0 <RECEIVABLES> 5,234 <ALLOWANCES> 135 <INVENTORY> 5,597 <CURRENT-ASSETS> 15,135 <PP&E> 11,642 <DEPRECIATION> 7,034 <TOTAL-ASSETS> 14,218 <CURRENT-LIABILITIES> 10,118 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 187 <OTHER-SE> 7,261 <TOTAL-LIABILITY-AND-EQUITY> 7,448 <SALES> 5,839 <TOTAL-REVENUES> 5,839 <CGS> 3,461 <TOTAL-COSTS> 3,461 <OTHER-EXPENSES> 1,669 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 177 <INCOME-PRETAX> 532 <INCOME-TAX> 207 <INCOME-CONTINUING> 325 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 325 <EPS-PRIMARY> .09 <EPS-DILUTED> .08