Wichita Industry News and Developments provides a brief overview of statistical trends and major announcements by industry sector. The report covers the Wichita, KS MSA, which is comprised of Butler, Harvey, Sedgwick and Sumner counties.
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Economic variables occur at approximately the same time as the conditions they signify.
Economic variables that are considered to predict future economic activity.
Center for Economic Development and Business Research W. Frank Barton School of Business1845 Fairmount, Devlin HallWichita, KS 67260-0121 Phone: (316) 978-3225 Fax: (316) 978-3950 e-mail:
The 3rd Quarter 2013 issue of Wichita Industry News and Developments, which provides a brief overview of statistical trends and major announcements by industry sector, is now available. The report covers the Wichita MSA.
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The unemployment rate for Kansas, as a whole, decreased 0.2 percentage point from July to August. All of the Kansas MSAs experienced a decrease in the unemployment rate, except for Manhattan, Kan., where the unemployment rate remained stable at 5.9 percent. A slide presentation is available with additional employment and unemployment data for Kansas and its four metro areas.
According to the U.S. Census Bureau, the Wichita MSA had 5,904 engineers in 2012. These employees represented 2 percent of Wichita’s employed civilian labor force, ranking the city 23rd highest out of 203 metro areas. By comparing Wichita to the nation as a whole, we discover that Wichita’s economy is specialized in one or more industries requiring engineers.
Additional information about the engineering occupation, and how Wichita compares to other cities, is now available.
Read this report.
The Consumer Price Index is used to calculate inflation, or the change in price of a basket of goods and services, as it impacts consumers; whereas, the Producer Price Index measures changes in selling prices, thereby expressing price changes from the perspective of the seller who produces a particular commodity.
A slide presentation updated with October 2013 data shows the Midwest inflation rate decreased from September to October for urban metros with more than 1.5 million people, but remained the same for urban metros with a population of less than 1.5 million people, as well as non-metro urban areas.
The Producer Price Index data shows that prices in the United States have increased from October 2012 to October 2013 for aircraft (1.6 percent), crude petroleum (7.7 percent), natural gas (15.9 percent), and slaughter livestock (8.2 percent). During that same time period, sorghum prices decreased 41.7 percent and wheat prices decreased 14.1 percent.
Access this slide presentation.
Learn more about the CPI.
Learn more about the PPI.
The WSU Leading Economic Indicators Index increased 0.6 percent from July to August. From August 2012 to August 2013, the index increased 1.1 percent. This indicates that economic activity is anticipated to be somewhat improved in six months from the current level of economic activity in the Wichita area. This can be attributed to positive adjustments to the Aircraft Production Index and the International Leading Index. The National Industrial Production Index has also improved between July and August. This indicates the anticipated improvement in the Wichita economy is a reflection of the overall level of anticipated activity in the national economy.
To see how the Index is trending, click here.
The WSU Current Conditions Index increased 0.5 percent from July to August, and 1 percent from August 2012 to August 2013. The current increase in economic activity can be attributed to the improvement of all four components of the index. Total nonfarm employment has improved slightly between July and August, and the unemployment rate has decreased. There has also been an increase in the hours and earnings of production employees in the Wichita area.
To view complete Current Conditions Index data, click here.
Aviation manufacturing represents 18 percent of total manufacturing employment in Kansas. The Center for Economic Development and Business Research has released a report that provides an overview and analysis of the Kansas aviation manufacturing sector. The report discusses wages, employment, trends, occupations, productivity, research and development, as well as exports and imports.
Read the report in its entirety.