Business leaders foresee strong growth for Colorado's economy

Caitlin Hendee --- The Denver Business Journal 

Colorado business leaders are feeling pretty good about the way things are going with the state's economy as the state heads into the fourth quarter, according to the recent Leeds Business Confidence Index.

But they're not as psyched as they were going in to Q3. The LBCI, which theUniversity of Colorado Boulder’s Leeds School of Business released Wednesday, found slight drops across the board.

The overall reading was 59.5, down from 61.2 heading into Q3 of 2014, but up from Q4 a year ago.

Economist Richard Wobbekind, executive director of the Leeds School’s Business Research Division which conducts the LBCI, said there's no reason to be too concerned with the dip.

"Last year and this year, we’re growing at the fastest rate in terms of employment growth that we’ve seen since the year 2000, so we’re really on a very, very strong growth rate for jobs year over year," Wobbekind said.

Business leaders put more confidence in the state economy than the national one, and overall expectations measured at 50 or higher. Those expectations include:

  • National economy;
  • State economy;
  • Industry sales;
  • Industry profits;
  • Capital expenditures; and
  • Hiring plans.

Click here to read more.