The Leeds Business Confidence Index (LBCI) Q2 2025
Business confidence took the second-steepest dive ahead of Q2 2025, resting at the third-lowest level in the 23-year history of the Leeds Business Confidence Index (LBCI). The reason for the pessimism can largely be summarized due to the uncertainty surrounding new federal policies. Reversing gains measured in Q1 2025, all components of the LBCI posted year-over-year and over-the-quarter declines ahead of Q2 2025.