Economic Indicators Update

This memorandum provides an update on leading economic indicators to inform the General Assembly about the ongoing state of the Colorado and U.S. economies.  Select indicators for business activity, employment, consumer activity, and energy activity are provided.  Data for June and early July suggest an ongoing recovery from the COVID-19-related recession.  However, economic activity remains well below pre-pandemic levels, and the impacts of the pandemic on leisure and hospitality industries remain significant.