Infographic: Q1 2016 Small Business Index
Insights on small business owners in Q1 2016.
Small business owner optimism rebounds in the first quarter of 2016. Overall optimism climbed 13 points to 67 in January.
Today's view: The present situation increased 5 points to 26 in January. Looking ahead: The future expectations score increased significantly to 41 from 33 in November 2015.
In January, business owners were asked about their use of technology, including their mobile banking habits:
51% say they use a mobile device to conduct banking related to their business.
When asked which mobile banking activity they use most often on their smartphone or tablet:
38% of business owners said staying on top of cash flow. 21% of business owners said mobile deposits. 13% of business owners said paying bills. 12% of business owners said transferring funds. 12% of business owners said monitoring for out-of-pattern transactions, or fraud.
More small business owners are prepared to accept EMV chip cards
48% of business owners accept EMV chip-enable cards, up from 31% in August in 2015.
The Wells Fargo/Gallup Small Business Index is calculated from a quarterly survey of 6OO small business owners and measures current and future perceptions of their business financial situation. More information can be found at https://www.wellsfargoworks.com/q1-2016-small-business-index-results. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. February 16, 2016