Colorado business leaders are feeling glum about their future prospects amid stubborn inflation, according to the latest Leeds Business Confidence Index from the University of Colorado.
Rising interest rates and ongoing supply chain issues are also dragging down economic sentiment, according to the most recent quarterly report from the University of Colorado’s Leeds School of Business. The survey captured 163 responses from September 1 through September 21.
Respondents anticipate weakness in sales, profits, hiring and capital expenditures heading into the final quarter of 2022, according to Richard Wobbekind, a senior economist and faculty director of the business research division at CU.
“These business leaders … are clearly signaling that they see weakness in the economy coming ahead,” Wobbekind said during a conference call with reporters.
The sour mood among the state’s business leaders mirrors the general mood…
