Survey: Colorado Business Confidence Falls, But Still Strong

The confidence of Colorado’s business leaders fell a bit going into the second quarter of the year, according to the CU Boulder Business Index released Wednesday.

Still, expectations for the economy are healthy. The index considers the national and state economy, industry sales and profits and hiring plans. It’s reported a positive economic outlook for 15 consecutive quarters.

But CU Boulder economist Richard Wobbekind said the state does face some economic headwinds.

"Clearly, the largest one is the lower oil prices which have impacted the oil industry directly and perhaps other areas indirectly like professional and business services," Wobbekind said.

The state has lost jobs in the oil industry for four consecutive months. Another challenge for the state’s economy are high housing costs.