Infographic: Q3 2019 Small Business Index
Insights on small business owners in Q3 2019.
Strong Economy Optimism Continues for Business Owners in Q3
The Q3 Wells Fargo/Gallup Small Business Index
Overall Index score was 136* in Q3 Q3 Wells Fargo/Gallup Small Business Index score was 136, with 64 percent of respondents indicating optimism regarding their present situation and 72 percent regarding future expectations.
33% showed interest in applying for a new credit product in the next twelve months 51% said it would be somewhat or very easy to obtain credit in the coming twelve months
Trade and Tariffs
The survey examined how business owners feel recent trade and tariff policies will affect their business. 66% said the current trade situation would have no or little impact on their business 69% said any increases in cost of goods would not impact their expansion plans
*The Wells Fargo/Gallup Small Business Index has recently shifted its methodology from the previous phone-based surveying to a web-based model. This change was made to mitigate any biases in the types of businesses owners responding, as well as the responses themselves. We have separated the Q2 2019 result to denote this shift moving forward.