The confidence of business leaders in Colorado continues to grow into the new year, according to University of Colorado Boulder’s Leeds Business Confidence Index.
The university’s Leeds School of Business reported that business confidence appears at its strongest since the index was introduced 11 years ago, according to a news release sent by CU.
The report showed that the Colorado Springs and Grand Junction markets are the only two in the state that have failed to bounce back to pre-recession levels of employment.
“We’ve gone seven quarters with very low volatility quarter-to-quarter after having very high volatility quarter-to-quarter for the previous run of the entire survey,” said Richard Wobbekind, economist and executive director of the Leeds School’s Business Research Division. “When business people are assessing the environment they’re seeing it as really stable right now.”
As 2015 begins, the index showed a business confidence reading of 60.8, up from 59.5 last quarter, measuring in the positive for all metrics (national economy, state economy, industry sales, industry profits, capital expenditures, hiring plans, etc.), according to the news release.
This is the 13th consecutive quarter to demonstrate positive growth in business confidence.
The report’s metrics include:
- optimism in state economy at 66.2, up from 63.9;
- optimism in national economy at 60, up from 56.4;
- hiring optimism has grown to 58.2, from 57.9;
- capital expenditures are at 59.4, versus 57.8; and
- profit expectations are at 59, compared to 58.8.
Those numbers are underscored by decreasing unemployment rates and Colorado’s continued employment growth.
For more information and to view the report in its entirety, visit leeds.colorado.edu/brd.