Small business owners are feeling more optimistic as 2013 begins after the Wells Fargo/Gallup Small Business Index dropped to the most pessimistic level in two years in November.

The January index improved 20 points to positive 9 in January 2013, up from negative 11 in November 2012, indicating an improvement in optimism since the November elections. Key drivers of this improvement in the survey, conducted Jan. 7-11, 2013, include increased business owner optimism about revenues, capital spending, and jobs over the past 12 months and more optimism about their overall financial situation, revenues, cash flow, and jobs over the next 12 months. A year ago, in January 2012, the index was at positive 15.

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