According to a recent report from the University of Colorado Boulder’s Leeds School of Business, business leaders have come into 2014 with positive expectations for the state and national economies. Confidence is up concerning other measurable categories in Colorado as well, including industry sales, industry profits, hiring plans, and capital expenditures.
The latest round of positive expectations marks nine quarters in a row in which panelists in Colorado have expressed an overall good feeling about the state, the report stated. This ties the record for optimism set in 2003-2005. Business leaders continue to be more positive about the local economy than the national one, however, though even the national economy received a more positive outlook going into the new year.
The latest data suggests that Colorado’s employment numbers continue to increase for the 38th straight month and that personal income growth in the state has outpaced the national average. The highest areas of employment growth in the state over the past year came from the metropolitan statistical areas of Greeley (+4.5%); Denver-Aurora-Broomfield (+2.5%); Boulder and Pueblo (each at +1.5%). According to the report, the industries recording the highest employment gains were Professional & Business Services, Education and Health Services, and Construction.
58.5% of the business leaders surveyed for the report stated that they felt confident that Colorado’s economy will expand this year. 47.9% stated that they expect business profits to increase and 55.7% expect to see an increase in sales this year.
Housing Helpers is pleased to see that Colorado’s business leaders are starting the year off confident and that the economy continues to move in a positive direction. With more and more jobs being created here and personal wealth growing as it is, the future looks bright for our state. If you’re planning to move to Colorado, let us find the perfect home for you. For more information about our services, contact us.