Wells Fargo Survey: Small Business Optimism Reaches Highest Point In A Decade

Wells Fargo press release ------- Small business optimism continues to climb in the third quarter as business owners said they are the most optimistic in more than a decade, according to findings from the Wells Fargo/Gallup Small Business Index, conducted July 10–14.In the quarterly survey, which measures the optimism of small business owners, the overall Index score jumped to 106 in July – an 11-point increase from 95 in April and the highest since 113 in April 2007. The increase in optimism was driven by several factors, including: Strong financial situation – Seventy-six percent said their current financial situation is very good or somewhat good, up from 73 percent in April. Healthy revenues – For the second quarter in a row, almost half (46 percent) said their business’s revenue increased over the past 12 months, up from 41 percent a year ago. Ease of obtaining credit – Nearly half of small business owners (48 percent) said credit will be somewhat easy or very easy to obtain over the next 12 months. More hiring – Twenty-one percent said the number of jobs at their company increased over the past 12 months, up from 19 percent in April. To learn more click on the picture below to read the release.