SALT LAKE CITY — For the 30th straight month, the overall index for the Mountain States region, a leading economic indicator for the three-state area of Colorado, Utah and Wyoming, advanced above growth neutral 50.0.
As a result, growth in the Mountain States region is expected to exceed that of the U.S in the next three to six months.
The index, which ranges between 0 and 100, slipped to a still healthy 58.8 from 62.6 in March. The index is a mathematical average of indices for new orders, production or sales, employment, inventories and delivery lead time.
Utah's Business Conditions Index dipped from 56.0 from 61.2 in March. Components of the BCI for April were new orders at 56.9, production or sales at 59.1, delivery lead time at 56.0, inventories at 48.9, and employment at 58.9.
“Construction hours and employment continue to expand and positively influence the firms that we surveyed for April," said Ernie Goss, director of the Goss Institute for Economic Research at Creighton University. "Computer and electronic component manufacturers in the state are posting solid expansions in new orders and production."