Region’s economy signaling even slower growth

The Northern Colorado Business Report Index of Leading Indicators of strength in the Northern Colorado economy is signaling even slower growth ahead than was true in April.

In January, the index of economic growth hit its lowest level since December 1999. Year-over-year growth dipped lower than it ever has, even during the adjustment period after the October 2005 federal bankruptcy law changes. The Northern Colorado economy has been contracting since October 2006.

On a brighter note, January was the low point and our economy has been slowly recovering since then. The current seven-month contraction has been caused 50 percent by bankruptcies…