CEDBR releases July Leading and Current Index for Wichita
Jul 12, 2013 2:00 PM | Print
The July Wichita State University Current Conditions and Leading Economic Index are now available at www.index.CEDBR.org.
The current index is down 0.6 percent from April to May, and the current economic activity is 0.3 percent higher than it was in May of 2012.
Although total non-farm employment has improved over the past year, the level of employment in the Wichita area decreased by 1,400 workers between April and May, resulting in a higher unemployment rate. Additionally the hours and earnings of production workers decreased.
The leading index has also declined from April to May, by 0.18 percent. This indicates that economic activity is not anticipated to be higher in the late fall than the current level of economic activity in the Wichita area. This can be attributed to a decline in the Kansas Leading Index for both April and May.
The data for the Kansas leading index was revised by the Federal Reserve Bank of Philadelphia on July 2. The combined deterioration of the Aircraft Production Index and the Kansas Leading Index were only slightly offset by mild improvements in the other two index components.
WSU's Center for Economic Development and Business Research has compiled the current and leading indices to provide insights into the present and future state of the Wichita economy.
The WSU Current Conditions Index is designed to give an indication of the present conditions of the Wichita metropolitan area economy. The WSU Leading Economic Indicators Index is designed to give an indication of where the Wichita economy is headed over the next six months.
Wichita State police lend helping hand
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
WSU Foundation welcomes two new leaders
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