Wyoming Economy Expanding
The state’s leading economic indicator from a survey of supply managers in the state climbed above growth neutral for the thirteenth straight month. The Wyoming Business Conditions Index for November advanced to 54.4 from October’s 52.2. Supported by NAPM-Western Wyoming, surveys over the past several months point to an expanding state economy for the next three to six months. Components of the overall index for November were new orders at 66.7, production or sales at 49.9, delivery lead time at 46.9, inventories at 51.1, and employment at 63.1. “Expansions among firms with ties to the state’s large energy sector continue to experience very healthy growth. Wyoming’s durable goods producers also detailed solid business conditions for the month,” said Ernie Goss, Director – Creighton University’s Economic Forecasting Group.