BOULDER
The University of Colorado Boulder Leeds Business Research division’s quarterly Business Confidence Index, released Thursday, hit its highest level ever for optimism heading into the second half of 2021 as business leaders have high hopes for the COVID-19 vaccines.
The index stood at 64.4 for Q2 2021, up from 47.9 the quarter before; 50 is considered neutral and the index stood at a record low 29.7 in the first quarter of 2020. Looking ahead to Q3, the LBCI jumps to 68.8 the highest overall score in the 19-year history of the index.
The quarterly report marks Colorado business leaders’ expectations for the state and national economies, industry sales, industry profits, hiring and business spending. Nearly 300 business leaders responded to the latest survey, run between March 1 and March 22, 2021.