SEATTLE – Small-business owners throughout the country, including the Northwest, are hopeful that the economy will improve in the coming months, according to a new Wells Fargo/Gallup Small Business Index.
However, the more than 600 small-business owners who took part in the April survey rank their current situations at minus-11, six points lower than in the first quarter.
Over the next 12 months, expectations among small business owners improved to a 10 in April from a score of one in the first quarter. Although an improvement, it is well off the high of 114 marked in November 2006.
For the survey, small-business owners were asked about their financial situation, cash flow, revenues, capital spending, job hiring and credit availability.
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Rolf Boone, The Olympian