Business confidence in Colorado is on the rise, thanks to a combination of factors including easing inflation and recession concerns. This positive outlook was reflected in the University of Colorado Boulder’s Leeds Business Confidence Index, which saw its first positive forecast in two years.

Looking ahead to the second and third quarters, 178 panelists surveyed reported positive expectations for the national economy, state economy, industry sales, profits, employment plans and capital spending. This change from a pessimistic outlook earlier this year is significant.

The overall index rose from 45.3 in the first quarter to 53.7 in the second quarter and 53 in the third. All six categories in the index improved compared to the previous year and remained in positive territory. Respondents attributed their improved outlook to general economic conditions, politics including upcoming elections, and interest rates.

Colorado business leaders showed more optimism about their state’s economy than that of the U.S., with a score of 54.1 compared to 51 for the U.S. The highest level of optimism was recorded in industrial sales with a score of 57.9, indicating that business owners are confident about demand for their products or services.

Despite concerns over inflation with consumer prices rising by an average of 3.5% year over year across Denver-Aurora-Lakewood area in January according to U

By Samantha Johnson

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