Colorado business confidence remains positive going into second quarter, says CU-Boulder Leeds School

March 31, 2014

April 1, 2014

            The confidence of Colorado business leaders remains positive and has increased slightly going into the second quarter of 2014, according to the most recent Leeds Business Confidence Index, or LBCI, released today by the University of Colorado Boulder’s Leeds School of Business.

            The second quarter LBCI posted a reading of 61, an increase from 59.9 last quarter, says Brian Lewandowski from the school’s business research division.

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Colorado business confidence remains positive going into second quarter, says CU-Boulder Leeds School

April 1, 2014                         Brian Lewandowski

            The confidence of Colorado business leaders remains positive and has increased slightly going into the second quarter of 2014, according to the most recent Leeds Business Confidence Index, or LBCI, released today by the University of Colorado Boulder’s Leeds School of Business.

            The second quarter LBCI posted a reading of 61, an increase from 59.9 last quarter, says Brian Lewandowski from the school’s business research division.

CUT 1: “As we enter Q2 2014 we found that our panelists are overwhelmingly positive about the outlook for the Colorado economy. It increased again from Q1 up from 59.9 to 61. And by our measurement any metric above 50 is a positive outlook.”(:22)

            He says the group of business leaders participating in the second quarter confidence survey were positive in nearly all sectors of the index.

CUT 2 “We found that panelist’s expectations for all metrics remain very positive as we enter Q2. They are positive for the national outlook, the state outlook, for hiring, capital expenditures, sales and profits. (:14) Capital expenditures outlook was the only metric that slipped a little bit as we enter Q2. But it only slipped by about one-half point.” (:22)

            The across-the-board positive standings represent 10 consecutive quarters of positive expectations, says Lewandowski. He says the reason is due to a stronger economy – both in Colorado and nationally.

CUT 3 “It does coincide with the economy getting better. We have seen 10 straight quarters of positive expectations for the economy. And we’re seeing a lot of other data-metrics, economic metrics, out there that I think are a confirmation of this. (:16) The GDP they just revised up -- the Bureau of Economic Analysis -- revised 4th quarter 2013 GDP up.  We’re seeing stronger year over year employment growth nationally and in Colorado.” (:29)

            And he says the projections are even brighter next year for stronger economic growth in Colorado.

CUT 4 “Colorado has been one of the fastest economies to recover nationally. I think we were in the top six states for employment growth last year. We’ll be in the top five this year and perhaps the top three next year. (:16) So what are the reasons behind that? I think that part of it is due to our diverse economy. But I think part of it was also good timing as far as the energy boom goes in Colorado.” (:30)

            While Colorado employment figures vary greatly by industry, labor markets in all of the state’s metropolitan areas saw growth in January compared with a year earlier.

The top four areas showing growth are the Greeley Metropolitan Statistical Area, or MSA, up 6.3 percent, the Fort Collins-Loveland MSA, up 2.8 percent and the Denver-Aurora-Broomfield and Boulder MSAs, up 2.5 percent each.

 

-CU-

           

 

 

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