• Sun. Apr 21st, 2024

Colorado Businesses Bounce Back: New Survey Reveals Increased Confidence and Positive Outlook for State Economy

BySamantha Nguyen

Apr 2, 2024
Colorado’s business confidence sees first positive shift in 2 years

According to the Leeds Business Confidence Index from the University of Colorado Boulder, business confidence in Colorado is on the rise with concerns over inflation and recession easing. This surge in confidence marks the first positive outlook 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, hiring plans, and capital expenditure.

Colorado business leaders showed more optimism about the outlook for the Colorado economy, scoring 54.1, compared to the U.S. economy, which scored a 51. The highest level of optimism was seen in industry sales, with a score of 57.9. Despite initial forecasts predicting a mild recession due to higher interest rates from the Federal Reserve, job growth remained strong in Colorado with 72,700 jobs added in 2023, representing a growth rate of 2.5%.

Although inflation remains a concern with consumer prices up 3.5% year-over-year in the Denver-Aurora-Lakewood area in January, according to the U.S. Bureau of Labor Statistics

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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