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Local economy gears up to climb

Once wrecked, then patched up for several years, the economy locally continues to improve, rolling along at a modest pace. Not that the region — or the nation, for that matter — ought to expect robust growth any time soon, if ever. “The new normal” of economic growth, as Jim Paulsen, chief investment strategist at… Continue Reading Local economy gears up to climb

Consumer spending and retail sales ended the second quarter on a soft note, indicating that economic growth is weaker than expected. According to the National Retail Federation, a retail trade association, June sales increased 0.6 percent from May and 3 percent from the previous year. “Consumers remain wary,” NRF President and CEO Matthew Shay. “Even… Continue Reading Second-quarter retail sales show slower economic growth

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The University of Colorado at Colorado Springs is all grown up and headed into a new school year as one of the region’s emerging economic drivers. The university, once a small commuter college, now packs a $310 million economic punch to the local economy and is growing. This year, the university is building a $17.5… Continue Reading UCCS: Driving the region’s economic growth

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Dollar rises on better U.S. economic growth

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Better-than-expected economic growth and strong home sales in the U.S. are pushing the dollar higher against most major currencies. The Commerce Department said that the economy grew at a 1.7 percent annual rate in the April-June quarter. That’s better than its initial estimate of 1.5 percent. Separately, the National Association of Realtors said that its… Continue Reading Dollar rises on better U.S. economic growth

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While the economic index for the mountain states remains higher than the national average, leading economic indicators are slipping, according to the Goss Institute for Economic Research. The overall business conditions index slipped to 56.1. The index is a measure of indices for new orders, production, employment, inventories and delivery lead time. The big problem… Continue Reading Colorado drought conditions lead to slower economic growth

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Colorado’s economic indicators slip in January

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Colorado’s leading economic indicators slipped in January, although it remained strong. According to the Goss Institute for Economic Research, construction industry is weighing on the economy, even as the state’s large energy sector is pushing it forward. “Durable and nondurable goods producers, especially those with ties to energy and international markets, are benefiting from the… Continue Reading Colorado’s economic indicators slip in January

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Economic growth continues in Mountain States

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The economy in the mountain states of Colorado, Utah and Wyoming continues to grow, but that growth has slowed slightly, according to the Business Conditions Index put out by the Goss Institute for Economic Research. For nearly two years, the indicators show growth above neutral. The overall index slipped to 56.8 this month from 57.4… Continue Reading Economic growth continues in Mountain States

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