Small business owners’ optimism bumping along

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By Joyce M. Rosenberg

Small business owners’ optimism is looking a lot like the economy — moving along at an unspectacular pace.

A survey by Wells Fargo and Gallup shows owners aren’t quite as optimistic as they were during the spring about the economy but are generally confident about their companies.

The Wells Fargo/Gallup Small Business Index registered at 59 in early July, compared with 64 in April, an insignificant change, the bank said. Sixty-five percent of the 600 owners in the survey described their financial situation as good, unchanged from April.

The survey was in line with others showing a dip in optimism about the economy, but that owners feel confident about their companies. A semi-annual survey released by the advocacy group National Small Business Association last month showed nearly three-quarters of the 625 owners questioned are confident, unchanged from late last year. Three-quarters expect the economy to be flat or recessionary in the next year.

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