<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM FORM 10-QSB FOR THE QUARTERLY PERIOD ENDED JULY 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> 9-mos <FISCAL-YEAR-END> OCT-31-1998 <PERIOD-START> NOV-01-1997 <PERIOD-END> JUL-31-1998 <EXCHANGE-RATE> 1.000 <CASH> 764 <SECURITIES> 0 <RECEIVABLES> 3,252 <ALLOWANCES> 170 <INVENTORY> 8,759 <CURRENT-ASSETS> 13,828 <PP&E> 12,745 <DEPRECIATION> 7,531 <TOTAL-ASSETS> 20,962 <CURRENT-LIABILITIES> 7,930 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,188 <OTHER-SE> 6,611 <TOTAL-LIABILITY-AND-EQUITY> 20,962 <SALES> 15,714 <TOTAL-REVENUES> 15,714 <CGS> 9,001 <TOTAL-COSTS> 9,001 <OTHER-EXPENSES> 5,121 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 562 <INCOME-PRETAX> 1,030 <INCOME-TAX> 351 <INCOME-CONTINUING> 679 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 679 <EPS-PRIMARY> .18 <EPS-DILUTED> .16