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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LBCI-Q4-2024-Cover-image

The Leeds Business Confidence Index (LBCI) Q4 2024

Sept. 29, 2024

Download The Leeds Business Confidence Index (LBCI) Q4 2024 Business confidence took a step back ahead of Q4 as panelists process uncertainty, notably around the election. Confidence rebounded to positive territory looking an additional quarter out to Q1 2025. All components of the Leeds Business Confidence Index (LBCI) posted year-over-year...

First page of the LBCI Q3 2024 report

The Leeds Business Confidence Index (LBCI) Q3 2024

July 1, 2024

Download The Leeds Business Confidence Index (LBCI) Q3 2024 Business confidence was tempered but positive in Colorado ahead of Q3. All components of the Leeds Business Confidence Index (LBCI) posted year-over-year gains ahead of Q3 2024, but all components slipped from Q2 to Q3. Across the array of reasons given...

LBCI Q2 2024

The Leeds Business Confidence Index (LBCI) Q2 2024

April 1, 2024

Download The Leeds Business Confidence Index (LBCI) Q2 2024 Business confidence is on the rise in Colorado. Every component of the Leeds Business Confidence Index (LBCI) increased ahead of Q2 2024, and all components moved into positive territory. Across the array of reasons given to explain their outlook, general economic...

LBCI Q1 2024

The Leeds Business Confidence Index (LBCI) Q1 2024

Jan. 1, 2024

Download The Leeds Business Confidence Index (LBCI) Q1 2024 Entering 2024, business confidence remains suppressed but is on the rise. Nearly every component of the Leeds Business Confidence Index (LBCI) increased ahead of Q1 and Q2 2024. There was less consensus about the reasons for their outlook compared to the...

LBCI

The Leeds Business Confidence Index (LBCI) Q4 2023

Sept. 27, 2023

Download The Leeds Business Confidence Index (LBCI) Q4 2023 The economy has proven more resilient in 2023, with a majority of respondents to the Leeds Business Confidence Index (LBCI) indicating the economy has performed better-than-expected. Despite this reflection, Colorado business leaders’ pessimism extended for another quarter ahead of Q4 2023,...

LBCI Q3 2023 report cover

The Leeds Business Confidence Index (LBCI) Q3 2023

June 29, 2023

Download The Leeds Business Confidence Index (LBCI) Q3 2023 Despite the economy demonstrating resiliency in the first half of the year, Colorado Business leaders’ pessimism extended for another quarter ahead of Q3 2023, often citing interest rates, inflation, and general concerns about a recession. The Leeds Business Confidence Index (LBCI)...

The Joelbel 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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