Colorado business conditions improve, Goss index shows - Houston Business Journal:

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But the index, based on a surve y of the state's supply managers, still fell below a pointf that would indicate likelyeconomic growth, Goss May's business index for Colorado rose to 44 in May from 38 in 41.3 in March and 43.5 in February, said head of the Goss Institute for Economic which conducts the survey. The state's index was 30.5 in Januaruy and 41.5 in December 2008. The indexd ranges between 0 and 100. An indexd greater than 50 indicates expectations of an expanding economyy over the next three to six 50 isgrowth neutral. New orders: up sharply from 37.2 in 37.8 in March and 47.8 in February. 43.0, up from 36.0 in April, 38.2 in Marcbh and 35.6 in February.
Deliveryg lead time: 25.4, down from 50.8 in April, 41.4 in Marchy and 52.2 in February. 40.4, up from 30.8 in April, down from 49.4 in Marcu and just over the February figureof 40.3. 42.7, up from 35.4 in 39.6 in March and 40.6 in Still, Goss said his survey suggests Coloradl still has a way to go to emergs fromthe downturn. "Manufacturers in the state, as a resultr of a sharp pullback in economic have terminated and cut back on construction projects in the Goss said ina "At the same time, firmas with ties to the energy sector continue to report somewhat weakedr conditions as a result of downturnes in energy commodity prices since the beginning of the national economicd recession.
" The Goss Institute uses the same methodology for its survet as the Institute for Supply Management, formerlg the Purchasing Management Association, in its national survey of its members. Goss separately released a three-statew composite index that includes Colorado, Utah and Across the three-state region, the Busineszs Conditions Index stoodat 38.9 in May, up slightlyt from 37.8 in down from 39.2 in Marcu and 44.6 in February, but up from 31.
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