Metropolitan Areas Show Stronger Economic Growth Than Rest of State

THE JOURNAL RECORD, July 2, 1988 | Go to article overview

Metropolitan Areas Show Stronger Economic Growth Than Rest of State


The metropolitan areas of Oklahoma City, Tulsa, Lawton and Enid are showing stronger economic growth patterns than other parts of Oklahoma, according to a report by the University of Oklahoma Center for Economic and Management Research.

That was reflected in retail sales and other indicators, said the monthly report by Neil J. Dikeman Jr. Regions outside the metro areas have exhibited little propensity for growth, and some have continued the decline begun in 1983, the report said.

Retail sales of the metro areas were up 5.3 percent in the first quarter of 1988 from a year ago, according to the report, while sales outside the metro areas were down 12.6 percent.

In the six-county Oklahoma City metro area, retail sales were up 5.9 percent from a year ago, and the dollar volume of industrial and institutional construction rose significantly, the report said.

These increases, coupled with gains in sales of manufactured goods, a decrease in the monthly average numbers of unemployed persons and decreases in bankruptcies filed combined to offset smaller decreases in employment, construction, industrial power sales and bank deposits, the report said.

Meanwhile, industrial power sales and construction activity in the klahoma City area declined from the 1987 level while these indicators rose on a statewide basis.

In Tulsa's metro area, most business indicators have declined from the first quarter 1987 levels, the report said. Only retail sales and industrial power sales showed gains.

Major declines in Tulsa included 15.5 percent drop in the dollar volume of construction activity, a 1.

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Metropolitan Areas Show Stronger Economic Growth Than Rest of State
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