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Enid's economy slows as construction projects are completed

Enid's economy slows as construction projects are completed

Published: Thu, September 20, 2018 5:00 AM

The evolving energy industry contributed to swings in economic growth in metropolitan areas throughout Oklahoma and the country, according to data released this week by the federal Bureau of Economic Analysis.

With a drop of 7.8 percent, the Enid area marked the biggest decline in gross domestic product in 2017 among the country's 383 metropolitan areas, the report stated. But while the northern Oklahoma community's economy slowed over the previous two years, industry in the area continued to create jobs and boost the local and state economies, said Chad Wilkerson, vice president of the Oklahoma City Branch, Federal Reserve Bank of Kansas City

"The biggest dollar decline was in construction, which is consistent with big projects coming to an end," Wilkerson said. "But the area has seen an increase in manufacturing, trade, transportation and professional services." FULL ARTICLE

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