Metro Denver Economy Growing / Consumer Confidence Up
June 18, 2013
According to the Metro Denver Economic Corporation’s Monthly Economic Summary for June 2013, consumer confidence in Metro Denver is at a five-year high and the region continues to add new jobs at a steady pace.
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. These great strides in adding new jobs were also reflected in several positive business rankings for Metro Denver. Read more.
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