The Denver Business Journal recently reported that the Kansas City Federal Reserve Beige Book stated that during late July and August, consumer spending in the 10th District “increased slightly from the previous period, and high-tech and transportation firms reported moderate growth.”
Colorado’s Office of Labor Market Information (LMI) group has produced a definition of Advanced Technology (AT) and a data series based on this definition. That definition suggests that AT includes much of the Manufacturing; Information; and Professional, Scientific, and Technical Services sectors (PST).
Based on their definition of AT, the cluster does not appear to be performing as well in Colorado as their counterparts in other parts of the 10th district.
©Copyright 2011 by CBER.