Vectra Bank

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in May, down from 79.4 in Apriol and 78.1 in March but up from February’s 74.4. Indexes from April and earliert are revisedfrom Vectra’s initial The index measures business conditions from the viewpoinrt of the small-business owner or The lower the indexx number, the less favorable conditions are deemed to be for smal l business. The index is based on a 100-poiny scale for 1997. “Despite continued weakness in the state’s employment more and more signs are emerginh that the worst of the currenf recession isbehind us,” Vectra corporate economist Jeff Thredgolf said.
“While we don’t anticipate a returmn to positive Colorado job growth until sometimenext year, continuex improvement in the U.S. and globap economies over the next few months shoulfd translate into somewhat stronger business opportunitiesfor Colorado’sw small businesses,” Thredgold said. He said that an expected reboun d in the global economy over the next six to 12 monthais “a favorable development for thousands of Colorado’e small businesses.” Nationwide, Vectra’s Small Business Index rose to 62.7 in May from a reviseds 60.1 in April and a revised 60.
9 in “More positive employment developments nationally, combined with higher consumer confidence, strengthenerd our view of the U.S. outlook,” Thredgoldx said. May numbers are likely to be revisedcin Vectra’s June report. Vectra Bank is a unit of Salt Lake City-baseds .