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 and released last week.
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.