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Owner Optimism Soars

 

Jan. 16, 2007 -- Small-business owner optimism hit a record high in the fourth quarter of 2006, according to a national poll released Tuesday.

Based on a survey of 600 small businesses nationwide, the Wells Fargo/Gallup Small Business Index rose four points from the previous quarter to 114, its highest level since the quarterly surveys were launched in August 2003.

As many as 75 percent of owners polled said they expect cash flow to pick up in the year ahead, while 63 percent expect revenues to increase, the survey found.

"While many economists are forecasting a weaker economic environment for 2007, small-business owners are, according to the results, expressing no signs of an economic downturn," Scott Anderson, senior economist at Wells Fargo, said in a statement.

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