Slow growth expected for Wichita economy

Almost no growth is forecast for Kansas

The Wichita economy is expected to see growth of around 1,000 jobs next year, which would be an increase of 0.4 percent. 

That's the forecast presented Thursday at the 38th Annual Kansas Economic Outlook Conference.  The event at Intrust Bank Arena was hosted by Wichita State University and its Center for Economic Development and Business Research. 

CEDBR director Jeremy Hill said households and businesses in Kansas are showing optimism, but he doesn't see much growth because of a tight labor market, flat population growth and slow growth in agriculture, oil and manufacturing.   Hill said Wichita has settled into a slow growth expectation.  

Hill's forecast for the state of Kansas calls for about 1,500 new jobs, for growth of 0.1 percent.  

Hill said production and manufacturing sectors in the Wichita area are expected to remain flat in 2018, and there will be a decline in trade, transportation and utilities, with government employment expected to decline slightly.   The largest growth will be in the services sector, which will be looking at growth of 1.3 percent. 

 

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