Survey: Small-business owners’ optimism highest since 2008

Small-business owners are more optimistic now than any time since early 2008, according to a survey released Friday by Wells Fargo/Gallup Small Business Index. 

The small business index score increased to 58 last month, up from 49 in July, the poll found. The current score is still well below levels recorded before the 2008 recession. 


The last time the index was this high was in 2008 at 83.

In late 2006, the index reached an all-time high of 114 and reached an all-time low in 2010 of -28. 

More than a quarter of small-business owners said they believe the number of jobs at their companies will increase in the next year. Only 8 percent predicted the number of positions will decrease. 

In the next year, more than two-thirds of small-business owners said they expect their financial situation to be “very good” or “somewhat good.” This is up from 50 percent in 2012 and is the highest since 2007.

The poll surveyed 601 small-business owners between Nov. 10-14 with a margin of error of plus or minus 4 percentage points.