Although the WSU Leading Economic Indicators Index declined slightly from December 2011 to January 2012, it increased 9 percent when comparing the 12 months ending in January to the previous 12 months. The only Index indicator showing deterioration over that time period was the real value of Wichita nonresidential building permits, which declined 20.8 percent. The 9 percent year-over-year increase is a positive sign for Wichita’s economy over the next six months.
Growth in the WSU Leading Index Bodes Well for Wichita
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