Colorado business leaders’ outlook on the economy has turned negative heading into the fourth quarter, according to the most recent quarterly Leeds Business Confidence Index, or LBCI, released earlier this month by the University of Colorado Boulder Leeds School of Business.
Confidence decreased in all six economic categories measured by the index, with hiring plans leading the decline. For the fourth quarter of 2011, the LBCI posted a reading of 47.3, down from 51.6 in the third quarter, according to Richard Wobbekind, Leeds School economist and executive director of the Business Research Division, who conducts the quarterly survey.