From Deseret News archives:
Utah's economy perks up
The state's business conditions index, compiled through a survey of supply managers and business leaders, jumped to a "healthy" 58.3 in November, compared with a "solid" 56.5 in October, the Creighton Economic Forecasting Group said.
Released Thursday, the index ranges from zero to 100, with a figure over 50 indicating an expansionary economy over the next three to six months. It uses the same methodology as a national survey conducted by the Institute for Supply Management.
The ISM survey showed that the manufacturing sector of the nation's economy grew in November at a slower pace than in the previous month. The institute said its manufacturing index was 58.1 last month, down slightly from October's reading of 59.1. November marked the 30th consecutive month of growth in the manufacturing segment.
Components of the Utah index for November included 64.2 for new orders, 58.3 for production, 46.6 for delivery lead time, 64.2 for inventories and 55.4 for employment.
"Contrary to most of the nation and region, Utah continues to experience growth in its information industry," Goss said. "November upturns were also reported by firms in the durable goods sector, while nondurable companies detailed little to no growth for the month."
The overall index for a three-state Mountain region that includes Utah fell in November for the fourth consecutive month. The figure for November was 62.5, the lowest since February and down from October's 63.2.
Colorado's overall index was 54.6, down from 57.2 in October, while Wyoming's was 82.1, up from 79.4 the previous month.
"Higher interest rates and elevated energy costs are cooling growth in the three-state region," Goss said.
The employment component for the Creighton index rose to 59.4 from October's 56.5.
Comments
- Small-business conditions improve 3:41 p.m.
- Pair arrested in Provo burglary 3:36 p.m.
- Summit Co. appoints first manager 3:24 p.m.
- Man sentenced to 7 years in death 3:21 p.m.
- Senate Dems at odds over insurance 3:20 p.m.
- U.S.: $3B to end tribe royalty dispute 3:09 p.m.
- Police seek missing WVC woman 3:06 p.m.
- Prison pop. growth slows in 2008 3:05 p.m.
- Election 'liberating' for gay bishop 2:58 p.m.
- Alleged car thief held without bail 2:55 p.m.
- BYU football: Bronco weighs in on Hall
- Witness: Mitchell stalked victims
- Yet again, we learn BCS is a big joke
- Williams' late jumper tops Spurs
- Storm pounds Utah for 2nd day
- Cougars in better mood about bowl
- Ranking the bowl games
- $2M error could mean layoffs
- Andersen apologizes for Jordan hoax
- BCS reform still needed
- Y. profs: Beck not all-knowing
270 - TCU to play Boise in Fiesta Bowl
203 - Letters: Global warming a lie
195 - Cougars going back to Vegas
147 - BYU football: Bronco weighs in on Hall
140 - Utah/BYU rivalry can be more civil
140 - George lost in rivalry hatefest
119 - Ed Smart 'appalled' at testimony
101 - Harpring's NBA career is over
98 - Utahns want health care reform bills
85
Amazon.com, Target.com, Sears.com, Walmart.com, Kmart.com and...
"We hear "actions speak louder than words." In this case, Coach Mendenhall's...
most of the Utah fans aren't offended by what Max Hall said. The big issue...
Being 2-1 against the little uties is pretty good. I hope all BYU QBs do as...
Yet another year, BYU is still chasing BCS Yet another year, BYU will end in...
Somebody needs to tell Jordan that his name and image was used without his...
So seeing signs from God makes one "Incompetent"? I guess we're going to...
You people spend everything you have to get us out of this depression. I...
The real story in Climategate is the effort these people made to shut down...
So, according to this "expert", Mitchell just wants this to be over so that...
Let's see. All the physicists were wrong and Einstein the civil servant at...



You can be the first to comment on this story.