Rockies' Economy Posts Fifth Straight Month of Growth

Rockies' Economy Posts Fifth Straight Month of Growth

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(Denver-AP) -- The economy in the Rocky Mountain region dipped slightly in September, but posted its fifth consecutive month of growth as business continued to hire.

The overall index for Colorado, Utah and Wyoming was 64-point-eight. down from the August reading of 66-point-five that was the highest level for the index since February 1997.

The three-state monthly survey by Creighton University relies on data from supply managers and business leaders. An index greater than 50 indicates expansion.

Utah's overall index climbed to 66-point-two from 65-point-eight driven by new orders, production, inventories and employment. The business conditions index, a leading economic indicator for the state, rose to its highest level in more than seven years.

(Copyright 2003 by The Associated Press. All Rights Reserved.)

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