Report: Utah and Colorado Still Hurt by Recession

Report: Utah and Colorado Still Hurt by Recession

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(Denver-AP) -- Inflation remains a threat to the economy of Colorado, Utah and Wyoming, but business leaders are growing more confident.

That's the finding of the latest report on the Mountain States Economy.

The confidence index for January stood at 83-point-five, its highest level since initiation of the survey in 1994.

Wyoming accounted for most of the gains while Utah and Colorado continued to lose jobs. New orders rose to 71-point-four, the highest level in more than seven years.

The survey by Omaha, Nebraska-based Creighton University relies on data from supply managers and business leaders in the three-state region.

The overall index stood at a robust 61-point-one, virtually unchanged from December's 61-point-three.

(Copyright 2004 by The Associated Press. All Rights Reserved.)

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