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Economic Growth Slows But Remains Positive in Mountain Region

hamilton-zanze August 06, 2013

The pace of economic expansion slowed in Colorado, Utah, and Wyoming in July, as the Business Conditions Index for all three states slid from 58.6 to 55.1. The index is released monthly by the Goss Institute and has a growth-neutral baseline of 50. A breakdown of the index’s criteria is as follows:

Employment: hiring fell slightly to 49.4 in July, down from 52.3 in June and 57.1 in May
Consumer confidence: economic optimism dipped to 52.1 in July from 54.3 in June
Pricing: the costs of raw materials, slipped to 52.5 in July from 55.9 in June

Read the full article at The Colorado Springs Business Journal