Small Business Owners’ Optimism Nearing Pre-Recession Highs

The Wells Fargo/Gallup Small Business Index survey — a measure of small business owners’ perceptions of their operating environments — reached an 11-year high in January at 107 points, up from 103 at the end of 2017 and nearing pre-recession highs. Fifty-two percent of small business owners reported revenue increases over the past 12 months, while 66 percent said they expect to see revenues rise in the coming year.

Almost a quarter (23 percent) of small business owners noted that government policies — including tax policies and regulation — are the most important challenge they face. Other challenges include the economy, financial issues such as cash flow, operating costs and credit availability, hiring and marketplace issues. Just 3 percent said that financing was their biggest challenge, in line with other small business surveys.


About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.