Evansville.

• Author: Blalock, Gale M.
• Position: Economic overview - Brief Article - Statistical Data Included

The Evansville economy continued its substantial growth into 1999 as measured by the index calculated at the University of Evansville. The index grew at 3 percent from 1995 to 1996, 1 percent from 1996 to 1997, 3 percent from 1997 to 1998, and 5 percent from 1998 to 1999. All sectors measured in the index, save for industrial production, were at five-year highs. Growth was strongest in construction trade and finance, weakest in transportation and negative in industrial production. Anecdotal evidence suggests declines in construction and transportation in Evansville proper in the near term, but if the Toyota expansion begins to have its positive impact on the local economy, I anticipate that good times will continue for our area. Please note that the index below is slightly different from the one printed in last year's Indiana Business Review Outlook Issue. They differ in that the one just reported relies upon employment as the relevant data for industrial production instead of electricity sold to industrial users...