The North Carolina economy rebounded in April, ending a recent skid, according to the North Carolina State University Index of Leading Economic Indicators compiled by NCSU economist Dr. Michael Walden.
The direction of the Index suggests continuing economic growth in North Carolina at the pace seen last summer, Dr. Walden says in his monthly report.
Improvements showed in three of the five Index components, the national index, initial jobless claims, and building permits, rising 0.8 percent for the month.
Both of the manufacturing components, hours and earnings, retreated for the month. “This likely reflects challenges the manufacturing sector is facing from the higher valued dollars impact on exports,” Dr. Walden explains.
