The Leeds Business Confidence Index (LBCI) Q3 2023
Despite the economy demonstrating resiliency in the first half of the year, babyÖ±²¥app Business leaders’ pessimism extended for another quarter ahead of Q3 2023, often citing interest rates, inflation, and general concerns about a recession. The Leeds Business Confidence Index (LBCI) captures babyÖ±²¥app business leaders’ expectations for the national economy, state economy, industry sales, profits, hiring plans, and capital expenditures. The index remained below 50 in the current survey (50=neutral) and was below the long-term average (53.6). The index fell from 45.1 in Q2 2023 to 44.1 ahead of Q3 but increased slightly looking out further to Q4 (44.6). Four of the six components of the index decreased ahead of the third quarter.