Goss Institute business index for Colorado improves, but still 'less than healthy' - St. Louis Business Journal:

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The index for Colorado, based on a surveh of the state's supply managers, rose to 43.5 in Februaryg from 30.5 in January and 41.5 in December, said head of the Goss Institute forEconomicf Research, which conducts the The Business Conditions Index ranges betweenn 0 and 100. An index greater than 50 indicate s expectations of an expanding economyg over the next three tosix months; 50 is growth Goss said that the Colorado survey showed new orderzs at an index of 47.8, production at delivery lead time at inventories at 40.3, and employment at 40.6.
"Th global recession has had a significant and negative impact onthe state’s large computee and electronic manufacturing industry," Goss said in a "Since the beginning of the national recession, this industrt has lost almost 2,000 jobs. I expecr this industry to be the state’s turnaround industry and provide an earlyu signal of the beginning of an economic The Goss survey also includes Utah and Acrossthe three-state region, the Business Conditions Index stood at 44.6 in recovering from January’s record low of 31.6, Goss "For the fourth straight the index dipped below growth neutral," Goss said.
"Untipl recently, growth in the region’s large energy sectoe had bolstered growth inthe However, a weakening manufacturing sector, especially for firms heavily dependen t on international sales, has pushed the region firmlhy into recession territory." He said the regional inde x points to "recessionary economic conditions for the regiom at least into the third quarter of In a separate part of the supply managers in the three-state regionm were asked about the federal stimulus package.
Only 3 perceng said they expected the package would be effective or very effective at revivinvthe economy, Goss said, while 22 percenyt said they expected the stimulus woul be ineffective and 75 percenft weren't sure. The Goss Institute uses the same methodology for its surveyy as the Institute forSupply Management, formerly the Purchasin Management Association, in its national survey of its