Colorado business leaders鈥� confidence improved entering Q1 2020, rebounding to just above neutral. These sentiments coincide with improved trade relations, stable interest rates, and a strong labor report. The most commonly cited reasons by survey responses were the general economy, politics, uncertainty, trade, and the upcoming election year.
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The Leeds Business Confidence Index (LBCI) captures Colorado business leaders鈥� expectations for the national economy, state economy, industry sales, profits, hiring plans, and capital expenditures. Ahead of Q1 2020, the index increased nearly 4 points to 50.8, with all components of the index above neutral (50), except the national outlook. Looking further out to Q2 2020, the index remained fairly stable.
