Sunday, June 09, 2013

Metro Denver Business Economy & Economic Summary Archive

Metro Denver Business Economy & Economic Summary Archive: June 2013

Economic expansion is reflected in highly positive consumer confidence

Consumer confidence in Metro Denver is at a five-year high and the region continues to add new jobs at a steady pace, according to data compiled by the Metro Denver Economic Development Corporation (Metro Denver EDC) in its Monthly Economic Summary for June 2013.

Consumer confidence in the Mountain Region, which includes Colorado, rose to 89.1, the highest point since March 2008. The index showed significant improvement on a monthly basis, rising by 23.6 percent and increased by more than one-half (51.8 percent) compared with May 2012.

"Consumers are more optimistic about future job prospects and the state of the economy," explained Patty Silverstein, president of Development Research Partners and chief economist for the Metro Denver EDC. "Consumer confidence jumped by almost 90 percent between April and May, which paints a positive picture for what's happening economically on many fronts in the Metro Denver region."

Metro Denver's employment picture advanced greatly between March and April, as the area added more than 17,000 jobs and the unemployment rate dropped to the lowest point since December 2008.


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