U.S. small-business owners' optimism reaches new heightsStaff Writer |
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.
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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