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Economic Study

By: AP
By: AP

An economic survey released today shows inflation is looming in Colorado, Utah and Wyoming.

The monthly Creighton University survey said its business conditions index for the three-state region fell for a second consecutive month in March.

The index fell from 59-point-eight to 59-point-five. An index above 50 indicates economic growth.

The survey uses data from supply managers and business leaders.

Creighton economist Jim Knudsen says the index is still
consistent with economic growth and rising employment in the months
ahead.

But Knudsen warns that inflationary pressures are mounting in the region.

The prices-paid index has jumped to its highest level in more
than a year.

Businesses reported the fifth increase in the inflation gauge in the past six months, driven by higher steel, oil and commodity prices.


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