Wells Fargo reports in a survey that optimism in small business has declinedSubmitted by emalvini on Tue, 08/07/2012 - 12:46
Wells Fargo reports in a survey that optimism in small business has declined
(Source: Wells Fargo) – The Wells Fargo/Gallup Small Business Index declined six points to positive 17 in a survey conducted July 9 – July 13, 2012. This decline virtually erases gains experienced earlier this year and brings to light the lingering concerns business owners have about their future financial situation, revenue, and cash flow.
The number of business owners expecting to be in a good financial position over the next 12 months declined seven percentage points to 59 percent; those expecting increased revenues in the next 12 months declined by six percentage points to 43. Despite the decline in the Index score this quarter, business owner optimism has improved significantly from the Recession low point when the Index dipped to minus 28 (-28) in Q3 2010.