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U.S. small-business owners' optimism reaches new heights

Small business
America   Confidence among small-business owners has improved

U.S. small-business owners are more optimistic about business conditions now than at any point in the 15-year history of the Wells Fargo/Gallup Small Business Index.


In the latest quarterly survey, which measures small-business owners' attitudes about a wide variety of factors affecting their business, the overall index score is +129.

This is up from the prior record high of +118 established last quarter.

Confidence among small-business owners has improved steadily in 2018, and now sits well above the pre-2018 high of +114 from 2006. The current survey was fielded Nov. 8-14, just after the midterm elections.

Eighty percent of small-business owners rate their company's financial situation as very or somewhat good, the highest in index history.

A record-high 55% of business owners report increases in revenue over the past 12 months, up from 49% last quarter.

Seventy-four percent of owners rate their company's cash flow as very or somewhat good, up from 69% the previous quarter - another record high.

 

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