The Northern Colorado Business Report Monthly Growth Rate was strongly positive in July, the result of a doubling of institutional construction commitments in Larimer County, specifically at colleges and universities. The growth rate was also positive in May and June after being negative for most of the first part of the year. It would appear that economic recovery has started in Northern Colorado.
The Index of Economic Growth in Northern Colorado also jumped up in May, June and July. July was well above levels reached early in 2010. The July rate of growth cannot be maintained, but I do expect slow, moderate growth to occur in the Northern Colorado economy.
The Index of Economic Growth in Northern Colorado also jumped up in May, June and July. July was well above levels reached early in 2010. The July rate of growth cannot be maintained, but I do expect slow, moderate growth to occur in the Northern Colorado economy.
