Optimism by small business owners rose in October from the same period a year ago, according to a new Wells Fargo/Gallup Small Business Index survey.
Although optimism was higher last month, the survey results still remain near historic lows.
Small business owner optimism increased to minus 15 from a minus 21 in the year-over-year October period, according to the survey of more than 600 business owners throughout the country. Owners were surveyed about financial situation, cash flow, revenues, capital allocation spending, job hiring and credit availability. When the economy was stronger, the survey reached a high of 114 in December 2006, according to a Wells Fargo news release.
Rolf Boone, The Olympian