Survey: Colorado’s business climate improving
The monthly survey of supply managers showed the state’s Business Conditions Index expanding from 51.9 in September to 53.3 in October. A ranking of 50 is considered growth-neutral in the index.
“Both durable and non-durable manufacturers reported very modest growth with metal product manufacturers detailing pullbacks as computer and electronic component manufacturers experience improving growth. As in past months, energy and supporting industries reported very strong growth for October,” said Ernie Goss, Goss Institute research director.
Other findings of the October survey included:
- Approximately one-third of supply managers expecting a 2012 recession;
- Holiday business activity expected to be relatively flat from last year;
- Inflation continuing to cool during the month.
Goss said he expected favorable business conditions in the next few months throughout the survey’s Mountain States region, which includes Colorado, Wyoming and Utah.