September Economic Numbers Show Kansas GDP UpNovember 8, 2017
The September installment of the Emporia State Economic Index shows that Kansas gross domestic product increased by 2.35 percent from September 2016 to September 2017.
Said Dr. Marc Anthony Fusaro, director of the Center for Business and Economics Development in the School of Business at Emporia State University and developer of the ESEI:
“We estimate adequate growth in Kansas of 2.5 percent at an annualized rate since the first quarter of this year (March) — the last period reported by the U.S. Bureau of Economic Analysis at this point. August to September growth is a little slower than this pace at an annualized rate of 1.35 percent growth. Compared to our neighbors, our economy is middle-of-the-pack with Colorado, Nebraska and Iowa above us and Arkansas, Oklahoma and Missouri below.”
For more, see www.emporia.edu/esei.
About the ESEI
The Emporia State Economic Index is based on an estimate of monthly and state level gross domestic product and tells how per capita production is looking in Kansas, Arkansas, Colorado, Iowa, Missouri, Nebraska and Oklahoma.
Although official statistics from the U.S. Bureau of Economic Analysis are released six to eight months after the end of a month, ESEI is released approximately five weeks after the end of each month. With ESEI reported monthly rather than quarterly, its timeliness provides the best monthly snapshot of recent trends in the state economy.