Economy Grows for Sixth Consecutive Month

By: Associated Press
By: Associated Press

The economy of the Rocky Mountain region has grown for the sixth month in a row, suggesting a strong holiday shopping season. Creighton University economics professor Ernie Goss says he expects the 2003 Christmas buying season to be the best since 1999.

The university's overall index for Colorado, Utah and Wyoming was 64.3. An index greater than 50 indicates growth. The employment index for October was 57.3, indicating significant job growth in the coming months.

But Goss says job losses in manufacturing may never return. The monthly survey by the Omaha, Nebraska school relies on data from supply managers and business leaders in the Rocky Mountain region.

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