From the Northern Colorado Business Report (Steve Lynn):
The index, a mathematical average of indices for new orders, production, sales, employment, inventories and delivery lead time, declined from 57.2 in June to 56.1, according to Creighton University’s Goss Institute for Economic Research. The good news? The index in June remained above a growth neutral rating of 50 for the 33rd straight month, meaning the region’s economy remains healthy overall…
At the time of the survey, weather conditions had not yet adversely affected companies in the mountain states, Goss Institute for Economic Research Director Ernie Goss said. “Only 14 percent of the firms reported that drought conditions had increased the costs of inputs for their companies’ sales, while almost none reported impacts on company sales,” Goss said. “I expect this to change in the months ahead, pulling the overall index lower.”