Small business owners are collectively more pessimistic now than they have been since the third quarter of 2010.
That’s according to the latest Wells Fargo/Gallup Small Business Index. The report surveyed small business owners quarterly across the nation to assess their perceptions of the past 12 months as well as the next 12 months in six areas: financial situation, cash flow, revenues, capital spending allocation, hiring, and credit availability.
The index’s November decline included a 19-point drop in future expectations versus a 9-point drop in the present situation score.
Survey details here.