Indicators point to recovery, growth in 2012

Editor’s note: Because of technical issues, an incorrect version of this column appeared in the Jan. 20-26 edition of the Business Report.

Continuing the message from the last quarterly update of economic data for Northern Colorado, the Northern Colorado Business Report Annual Monthly Growth Rate was strongly positive in September and October. The strongest of the seven indicators were big increases in new single family detached housing construction, construction in general and a large reduction in the number of bankruptcies filed. A reduction in bankruptcies is positive for the economy because it reduces the drag they cause on consumer spending…