LBCI shows increased hiring and spending boost confidence in Q3 2010
For the first time in three years, Colorado business leaders foresee solid expansion in the Colorado economy. The LBCI posted a reading of 54.8, up from 51.7 last quarter and comparable to the Q2 2007 value of 54.8. Five of the six index components recorded moderate gains, with the exception of the outlook for the national economy, which remained flat. On a bright note, business leaders expressed optimism about the prospects for increased investment in both labor and capital. While many respondents remained neutral for the upcoming quarter, respondents indicating component increases outnumbered those expecting decreases—a shift from earlier surveys.
About the Leeds Business Confidence Index (LBCI): For the past seven years, the Leeds School of Business and BBVA Compass have worked in collaboration to produce the Business Leaders Confidence Index (BLCI), which provided Colorado business leaders with valuable insight into topical economic news and business trends on a local, regional, and national level.
Starting with the third quarter 2009, the Leeds School of Business is assuming responsibility for the index. The Leeds Business Confidence Index will continue to gauge business leaders’ opinions about national and state economic trends and how their industry will perform in the coming quarter.
LBCI 2010 archive
LBCI 2009 archive
For previous years' archives, visit the Leeds School of Business Web site.