Tags: gallup | small | business | owner | optimism

Gallup: Small-Business Owner Optimism Rises in Third Quarter

Gallup: Small-Business Owner Optimism Rises in Third Quarter
(Dollar Photo Club)

Tuesday, 06 August 2019 02:12 PM

Small-business owners' optimism has edged up over the past three months, according to the latest quarterly Wells Fargo/Gallup Small Business Index survey.

The index is a measure of owners' present and future optimism -- both of which saw upticks this quarter, Gallup explained.

The Small Business Index measures small-business owners' attitudes about a wide variety of factors affecting their businesses. One of the more important shifts measured this quarter concerns revenues: 58% of owners say their revenues increased in the past 12 months, up six percentage points from Quarter 2, and 64% now say they expect revenues to increase in the future, also up six points over last quarter.

More broadly, small-business owners' optimism about their financial outlook over the next year has also improved, with 79% now saying they are more optimistic than pessimistic -- up from 70% in Quarter 2.

Small-business owners remain upbeat about their companies' financial outlook and the overall national economy and appear to be planning on expansion by applying for new credit products in the coming year. Although the current U.S. trade and tariff situation is being debated on many levels, relatively few small-business owners say it is affecting their business directly. As for challenges, owners remain concerned about core business basics -- attracting customers, developing new products for their business and fending off competitors.

© 2019 Newsmax Finance. All rights reserved.

   
1Like our page
2Share
Economy
Small-business owners' optimism has edged up over the past three months, according to the latest quarterly Wells Fargo/Gallup Small Business Index survey.
gallup, small, business, owner, optimism
221
2019-12-06
Tuesday, 06 August 2019 02:12 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved