Small Business Index

Infographic: Q1 2016 Small Business Index

Insights on small business owners in Q1 2016.

Published: February 16, 2016
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Index reading

Small business owner optimism rebounds in the first quarter of 2016. Overall optimism climbed 13 points to 67 in January.

Optimism outlook

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

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