Colorado business leaders are cautious, still optimistic about recovery | CU Boulder Today

Colorado business leaders have curbed their optimism about the state economy, according to the latest edition of the University of Colorado Boulder’s Leeds Business Confidence Index (LBCI). 

Released by the Leeds Business Research Division (BRD) at the Leeds School of Business, the Index remained positive, but decreased 11.2 points to 56.1 ahead of the fourth quarter 2021 (a score of 50 is neutral), indicating expectations of a sustained recovery.

Of the six components of the LBCI, five recorded positive perceptions, with the most optimism in industry hiring (61.6). Short-term pessimism was recorded for the national economy (48.9).

“Concerns around COVID-19, particularly the Delta variant, have played the biggest impact in this tempered confidence,” said Rich Wobbekind, senior economist and faculty director of the Business Research Division. “Inflation and a constrained supply chain, as well as politics, have also played a role, according to…

Read more…