Colorado business leaders’ 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.
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. 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.