This quarterly index gauges Colorado business leaders’ opinions about economic trends and how their industry will perform in the coming quarter. The index captures expectations for the national economy, state economy, industry sales, profits, hiring plans, and capital expenditures.

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The KJoelbel Building on the CU Boulder campus, with the Flatirons in the background.

Pessimism Continues to Reign in Survey of Business Leaders
, But Signs of Hope Emerging

March 24, 2023

Colorado’s business leaders have maintained a gloomy outlook throughout the uneven road back from the pandemic-driven recession.

The sun rises over Denver.

Economy Improving, But Colorado’s Leaders Still Awash in Apprehension


Jan. 4, 2023

Familiar challenges are keeping the state’s business community awake at night, according to quarterly report. ​​ The sun rises behind the Denver skyline. While the economy is improving both locally and nationally, Colorado's business community remains pessimistic about the near-term outlook, according to the first-quarter Leeds Business Confidence Index. Below...

LBCI Q1 2023

Leeds Business Confidence Index: Q1 2023

Jan. 4, 2023

Download The Leeds Business Confidence Index (LBCI) Q1 2023 Two decades ago, the Leeds Business Confidence Index first reported results ahead of Q2 2003 as Colorado was entrenched in a long recovery from the tech-led recession. Twenty years later, as the index enters 2023, despite a notably better current economy,...

LBCI Report Cover

The Leeds Business Confidence Index (LBCI) Q4 2022

Sept. 28, 2022

Download The Leeds Business Confidence Index (LBCI) Q4 2022 Colorado business leaders expressed pessimism ahead of Q4 2022, recording the fourth-lowest index in the 20-year history of the Leeds Business Confidence Index driven by inflation, interest rates, the supply chain, and the workforce, among other factors. Looking two quarters ahead...

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The Leeds Business Confidence Index (LBCI) Q3 2022

June 28, 2022

Download The Leeds Business Confidence Index (LBCI) Q3 2022 Colorado business leaders expressed pessimism ahead of Q3 2022, recording the fifth-lowest index in the 20-year history of the Leeds Business Confidence Index driven by inflation, interest rates, and the supply chain, among other factors. Looking two quarters ahead to Q4...

Cover page of the latest LCBI report.

The Leeds Business Confidence Index (LBCI) Q2 2022

April 1, 2022

Download The Leeds Business Confidence Index (LBCI) Q2 2022 Business confidence slipped ahead of Q2 2022, but still remained positive, with industry leaders citing the Russia/Ukraine conflict and inflation as the primary concerns looking ahead to the new quarter. All components of the index decreased ahead of the second quarter...

Cover of the report

The Leeds Business Confidence Index (LBCI) Q1 2022

Jan. 6, 2022

Download The Leeds Business Confidence Index (LBCI) Q1 2022 Business confidence remained elevated ahead of Q1 2022, rising slightly from Q4 2021. All components of the index increased ahead of the first quarter. The index increased 1.9 points from Q4 2021 to Q1 2022, and grew another 1.4 points ahead...

The Leeds Business Confidence Index (LBCI) Q4 2021 Thumbnail

The Leeds Business Confidence Index (LBCI) Q4 2021

Sept. 29, 2021

Download The Leeds Business Confidence Index (LBCI) Q4 2021 Business confidence remained elevated ahead of Q4 2021 despite falling from record high levels in Q3. All components of the index slipped ahead of the fourth quarter, but only the national indicator reflected pessimism. The index fell 11.2 points from Q3...

LBCI Q3 2021

The Leeds Business Confidence Index (LBCI) Q3 2021

June 30, 2021

Download The Leeds Business Confidence Index (LBCI) Q3 2021 Business confidence remained at record high levels ahead of Q3 2021, driven by record optimism about the state economy, industry sales, and industry hiring. The index increased 2.9 points from Q2 2021 to Q3 2021 and slipped only slightly looking out...

LBCI Q2 2021

The Leeds Business Confidence Index (LBCI) Q2 2021

March 31, 2021

Download The Leeds Business Confidence Index (LBCI) Q2 2021 Business confidence increased sharply from Q1 2021 to Q2 2021, and marked further improvement looking out two quarters to Q3 2021, largely due to the pace of vaccinations and the expectations about easing economic restrictions. Optimism was revised up from the...

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