Economy will grow, but pace will decline

Last quarter, the 1st Choice Bank/Northern Colorado Business Report Leading Economic Indicators examined the health of the Northern Colorado economy on a long-run basis, using those data series available with a two-year or longer lag.

This quarter, we examine data series available with a six-month lag. Next quarter we will examine short-run series, those available with less than a six-month lag.

The intermediate-run indicators we examine here are fundamental, measuring whether the underlying strength of the national, state and local economy is such that growth is likely to continue.

We want to know if the population in our economy is growing, whether the…