Business leaders watchful of economy - fourth quarter results
Compass Bank's fourth quarter Colorado Business Leaders Confidence Index® (BLCI) data suggest that state business leaders remain watchful of the economy. Recent concerns about whether the country is in a recession have been replaced with discussions about bailouts, takeovers, buyouts and the mark these activities will leave on the financial markets, consumer confidence and the overall economy. This recent series of events come on top of two years of declining housing prices, prolonged volatility in oil prices, periods of frozen credit markets and a presidential race.
Last quarter it appeared that the forward-looking BLCI had reversed trend and was on track to exceed the neutral point of 50. While the indicator did not lose ground this survey period, the increase from 43.6 to 44 is insignificant in magnitude, signaling another quarter of below potential growth.
About the Colorado Business Leaders Confidence Index (BLCI): The Business Leaders Confidence Index® (BLCI) measures what local business leaders in a variety of industries in Colorado are anticipating about the economic conditions and trends that affect their business. Compiled quarterly from the results of an online survey, the BLCI also sheds light on longer-term trends. Selected business leaders from a variety of industries are invited to participate in the panel that responds to the quarterly BLCI survey.
BLCI 2008 archive
BLCI 2007 archive
BLCI 2006 archive
For previous years' archives, visit Compass Bank's Web site.