WSU indexes reflect an improving local economy
Apr 30, 2010 10:49 AM | Print

During the four months ending in February, the WSU Leading Economic Indicators Index experienced a net gain of 2.8 percent. Following months of decline, this increase is a welcome development, according to Jeremy Hill, director of the Center for Economic Development and Business Research at Wichita State University.

 Seven of the nine index indicators improved from January to February, suggesting broad improvement across the economy. Those improvements included news that the number of Kansas initial unemployment claims declined by more than 50 percent; the inflation-adjusted value of Wichita's residential building permits increased 40.2 percent; the aerospace stock index increased 13.6 percent; and the national inflation-adjusted value of new orders for aircraft and parts increased 8.1 percent.

The WSU Current Conditions Index also increased in February by 1 percent. Four of the six seasonally adjusted index indicators showed improvement. Wichita's home sales increased 16.5 percent; the Wichita hotel occupancy rate increased 10.3 percent; the outbound volume of airfreight shipments at Mid-Continent Airport increased 11.3 percent; and the unemployment rate dropped 0.3 percent.

The index still has a lot of recovery to do to reach pre-recession levels, but February brought a flicker of hope to a situation that has been predominantly downhill since the end of 2007. This, coupled with the positive performance of the WSU Leading Economic Indicators Index in February, suggests that measurable year-end recovery of Wichita's economy is feasible.

The WSU indexes are sponsored and maintained by the Center for Economic Development and Business Research, W. Frank Barton School of Business, Wichita State University.

Created on Apr 30, 2010 10:49 AM; Last modified on Apr 30, 2010 11:00 AM
WSU makes case for special funding priorities
Revisions made to parking plan
High School Guest Program offering $500 scholarships
Collaboration to benefit WSU students
WSU camps introduce youth to engineering
Wichita has 'secret source' of IT talent
WSU School of Nursing benefits from grant
Multi-disciplinary field study
WSU Foundation finishes strong year
WSU director to speak on racial profiling
WSU research uses all types of people
Shuttle system adds new stops
Permits to be required to park on main campus
WSU names new director of AEGD program
WSU reorganizes admin structure
WSU, WuShock logo at IndyCar Series
WSU hosting ACT Prep Workshop
New Health Professions dean honored
Wichita State welcomes FarmHouse fraternity to campus
WSU grad overcame tragedy to earn her degree
Flint Hills Media Project covers Butler County
WSU to host forums for returning adults
'Forty Years/Forty Stories' at WSU museum
© 1995-2014 Wichita State University. All rights reserved.
Valid HTML 401