ON INDUSTRY: LEADING ECONOMIC INDICATORS

Last quarter, the 1st Choice Bank/Northern Colorado Business Report Leading Economic Indicators examined the health of the Northern Colorado economy on an intermediate-run basis, using data available with a six-month to two-year lag.
This quarter, we examine short-run data series available with less than a six-month lag. Relying on short-run changes in data can be risky. One- or two-month movements in a series may or may not represent more fundamental changes in the growth of an economy.
The Wall Street Journal reports that the national leading indicators of economic activity rose again in July, signaling solid growth well…