Small Business Optimism Wanes Featured

By Staff Writer February 11, 2019 552

Small business owners grew less optimistic in the latest quarterly Wells Fargo/Gallup Small Business Index.

The overall Index score fell to 106. That marks the seventh consecutive quarter in which the score has topped 100, although it is 23 points lower than last quarter’s all-time high of 129.

The first quarter 2019 survey was conducted Jan. 9–15.

Along with a drop in the overall score, the number of business owners who indicated optimism about their present financial situation dropped to 46. In addition, optimism about their business’ future decreased to 60.

This coincides with decreasing company revenues, with 45 percent of owners saying revenues increased and 25 percent indicating a decrease. Optimism about revenue in the next 12 months also fell, with fewer business owners saying they expect revenue to increase in 2019.

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Last modified on Monday, 11 February 2019 00:21