Hardware Retailing The Industry's Source for Insights and Information
For the first time since 2008, small business owners are the most optimistic and upbeat they’ve been since the start of the great recession, according to the latest Wells Fargo/Gallup Small Business Index.
According to a press release covering the small business survey, “the overall Small Business Index score increased significantly to positive 58 in November, up from a positive 49 in July and up 34 points from a year ago.”
The press release also states that the future expectations score is helping drive the rise in optimism. It increased to a positive 37 in November from a positive 17 a year ago.
A few of the factors that contributed to this quarter’s improvements include small business owners feeling better about their company’s financial situation in the years to come, hiring is expected to increase over the next 12 months, revenue forecasts remain positive over the next 12 months and more.
To read the full press release, click here.
