From Deseret News archives:
Utah economy is cooling
But Intermountain area is still showing strength
The Utah Business Conditions Index, based on a survey of supply managers and business leaders, slipped to 63.8 in September from August's 71.8.
The index has a range from zero to 100. A figure higher than 50 indicates an expansionary economy over the next three to six months. It uses the same methodology as the Institute for Supply Management's membership survey.
Components of the overall Utah index for September were new orders at 75.0, production at 50.0, delivery lead time at 74.3, inventories at 72.3 and employment at 52.3.
"Durable and nondurable manufacturers in Utah reported strong activity for the month," Ernie Goss, director of Creighton's Economic Forecasting Group and an economics professor, said in a prepared statement. "Economic growth has meant strong business growth for the state's trucking industry."
The September figure is in contrast to January's 86.8 the highest index for 2007 and down from 73.6 in July and 71.8 in August.
Creighton's Mountain States region index was 64.8 in September, down from 77.7 in August and 71.4 in July. It includes Utah, Colorado and Wyoming.
"While the national economy continues to weaken, the Mountain States region is growing at a brisk pace. Results from our survey point to robust growth in the months ahead," Goss said.
He noted that the "economic optimism" component fell to a still-high 60.0 from 67.9 in August and 78.6 in July.
"The August credit crisis and the downturn in the housing sector pushed the confidence index down for the month. It is clear national issues are having some effect on the outlook of supply managers even as the region experiences vigorous growth," he said.
As for job growth, he is predicting an annualized increase for the fourth quarter to top 2 percent in the region while the national figure would be less than 1 percent.
Colorado's overall index was 66.7 in September, down from 80.7 in August. Wyoming's fell to 64.0 from August's 76.2.
Recent comments
Not quite so fast everybody!! Utah only appears to be on the...
Dave | Oct. 3, 2007 at 7:28 p.m.
It says that the �Utah economy is cooling�, wait a few month and...
Cold Forecast | Oct. 3, 2007 at 3:18 p.m.
Utah is a welfare state, since it bleeds the United States (beast).
Jeff Warren | Oct. 3, 2007 at 12:58 p.m.
- Veteran climber dies in Himalayas 10:36 a.m.
- Slovakia beats U.S. 1-0 10:30 a.m.
- Suicide attack kills 11 in Pakistan 10:28 a.m.
- A president of Europe? 10:18 a.m.
- Riesch edges Vonn in WCup slalom 10:13 a.m.
- Woman killed in S.F. Canyon crash 10:07 a.m.
- Collie featured in Sports Illustrated 10:01 a.m.
- Obama: Put off Fort Hood probe 9:59 a.m.
- Fort Hood victims' funerals Saturday 9:18 a.m.
- Rep. bashes Dems over health care 9:09 a.m.
- Williams leaves, won't play tonight
- Attack meant to kill apostle
- Unga family is making its mark
- Man killed during 3rd I-15 crash
- Trial begins in toddler death
- Short-handed Jazz fly past Sixers
- ESPN suddenly loves MWC
- Can BYU root for (ick) Utah Utes?
- Study: Divorce likely when wife ill
- Bench proves fruitful for Y.
- SLC council OKs gay rights policies
348 - Editorial: Mormons and gay rights
199 - Senators want food tax restored
162 - Will state consider gay rights law?
145 - Letters: Strange breed in Utah
129 - Utes remain silent about BCS
120 - S.L. vote pending on gay protections
113 - Celtics crush Jazz
103 - Pratt pleads not guilty to sex charges
103 - Hatch empathizes with Muslims
89
If you are looking for a bird on the cheap, the following specials from...
Maybe someone out there can help me understand how raising the state...
A locked gate that a five year old can open is not secure enough for a dog...
"Tang's owner"? What's the individual's name? And how can a little boy...
What For ?
At first I thought this was going to deal with caring about the american...
Womens BB - LOSERS (yes) mens BB - LOSERS (yes)..... and going for the...
"ick" I hope not!
Sounds like a good game to watch. It was suppose to be on B2 TV but were not...
Well, this means that until the end of January, there will be little if any...
I laughed and laughed at this news. All four of my sisters live in the...
The sound of the train brakes as it pegs the odd car or pedestrian won't be a...

