Small Business Owner Optimism at Highest Point in Decade Featured
07 August 2017
Small-business owners' optimism about their business situation has edged up in the past quarter to a new 10-year high. The Wells Fargo/Gallup Small Business Index for the latest quarter is at 106, up 11 points since the prior quarter and the highest since 113 measured in the second quarter of 2007.Small business owners are more positive about the future than about their current circumstances, a pattern that has generally been the case historically. But, the overall increase in the index this quarter is mainly the result of an uptick in present situation ratings, rather than expectations about the future. The present situation score rose to 45 from 36, while the future expectations score this quarter remained essentially constant. Both of these measures are as high as they have been since 2007.