Despite the economy demonstrating resiliency in the first half of the year, Colorado Business leaders’ pessimism extended for another quarter ahead of Q3 2023, often citing interest rates, inflation, and general concerns about a recession. The Leeds Business Confidence Index (LBCI) captures Colorado business leaders’ expectations for the national economy, state economy, industry sales, profits, hiring plans, and capital expenditures. The index remained below 50 in the current survey (50=neutral) and was below the long-term average (53.6). The index fell from 45.1 in Q2 2023 to 44.1 ahead of Q3 but increased slightly looking out further to Q4 (44.6). Four of the six components of the index decreased ahead of the third quarter.
Working with Colorado, for Colorado—and Its Future
The Business Research Division has served communities across the state for more than 100 years.
Leadership Lessons from the Dalai Lama
A graduating senior shares insights from a trip to India with the Dalai Lama Fellows program.