New index gauges confidence of Colorado?s business leaders

BOULDER ? Neither the national nor state economies will rebound in the second quarter of 2003, according the first Business Leaders Confidence Index (BLCI) recently released.

Compass Bank and the University of Colorado’s Leeds School of Business have teamed to create a quarterly index that measures how business leaders in Colorado view specific economic factors relative to their industry, on both state and national levels.

Results of the first index indicated that business leaders are less pessimistic about the performance of their industry than they are about the state and national economies.

The survey began prior to the start of the war in…