Business leaders more optimistic about economy - third quarter results
Compass Bank's third quarter Colorado Business Leaders Confidence Index® (BLCI) data suggest that state business leaders are more optimistic about the economy than in previous periods. For the first time in four quarters, the BLCI recorded a slight uptick, advancing from 41.7 to 43.6. The fact that the quarterly reading is below the neutral mark of 50 indicates that the economy is expected to continue performing below potential during the third quarter of the year.
On a positive note, four of the six components that make up the BLCI reversed their downward trends of the past three quarters. The sales component index pushed above the 50 barrier, while the other five components registered between 35 and 46.
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.