The quarterly Wells Fargo/Gallup Small Business Index reports that small business owners' level of optimism fell to its lowest level in the survey's six-year history. Owners' assessment of their present situation declined, as did their future expectations.
The National Federation of Independent Business' Index of Small Business Optimism ticked down a point in July compared with June, but is still up from its rock-bottom low hit in March.
On the bullish side of things...over at HR giant Administaff, the Business Confidence Survey revealed 58% of small business owners expect the economy to turn around next year, while 14% say the turnaround will come before year-end. Guess that leaves 28% who believe the current downturn will never end. Some 23% of respondents said they are adding positions.
Similarly, the Discover Small Business Watch index rose more than a point in July. Some 30% of owners said they believe the economy is improving, compared with 26% in June.
How about you? Are you optimistic that we've seen the bottom of this economic mess?