U.S. small-business owners are pessimistic post-election, with the Wells Fargo/Gallup Small Business Index plunging to -11 in November from 17 in July. This is the most pessimistic that owners have been about their operating environment since July 2010, when the index stood at -28.
The quarterly survey was conducted Nov. 12-16, 2012, with a random sample of 607 small-business owners, representing the fourth quarter of 2012. Small-business owners grew increasingly optimistic throughout the first two quarters of 2012, with the index reaching a high of 23 in May. Prior to the beginning of the recession in 2008, index scores were generally higher than 100. The Wells Fargo/Gallup Small Business Index was initiated in August 2003.