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Small business owner optimism highest since July 2008

Small business owner optimism highest since July 2008

Small business owners across the U.S. are more optimistic than they have been since July 2008, according to the most recent results of the Wells Fargo/Gallup Small Business Index survey.

Somewhat remarkably, the index stands at positive 15 for January, despite two consecutive readings of

Small business owners across the U.S. are more optimistic than they have been since July 2008, according to the most recent results of the Wells Fargo/Gallup Small Business Index survey.

Somewhat remarkably, the index stands at positive 15 for January, despite two consecutive readings of zero and a minus three reading in October, the survey noted. The future expectations portion of the index increased to positive 21 in January, which represents a 13 point climb from October 2011.

"January's increase in optimism signals that small business owners are seeing a brighter future," Doug Case, Wells Fargo's small business segment manager, said in a release. "While this economy still presents challenges for many business owners, we are encouraged by expectations for improved revenues, financial situation and cash flow, which have the potential to drive job growth."

Overall, 22 percent of small business owners surveyed expected to add jobs at their company, an increase from the 15 percent mark seen during the fourth quarter of 2011.

The study is the latest positive report on small businesses, as the recent Intuit Small Business Employment Index found the national average for growth in these companies is 0.2 percent, with Arizona leading the way at 0.7 percent.

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