Michael Walden | WRAL TechWire

Michael Walden

NCSU index of NC leading economic indicators edged up in July

RALEIGH –The NSCU Index of North Carolina leading economic indicators edged up modestly in July, according to NC State University economist Michael Walden, PhD. The index has now had a steady upward trend for nearly two years. A 6 percent drop in jobless claims and a double-digit gain in building permits more than offset slight declines in the national index and i n manufacturing hours and earnings. However, Walden cautioned, the declines in the manufacturing sector may “Signal looming trouble related to the on-going trade disputes. With a new NAFTA treaty proceeding –a deal with Mexico was announced Monday–and...

Read More

NC economic growth to continue at accelerated pace in 2018

The North Carolina State University Index of NC leading economic indicators has trended higher for over a year, “Strongly suggesting continued growth in the state economy at an accelerated pace in 2018,” said NCSU economist Michael Walden. The November Index was essentially unchanged after posting a large gain in October. It slipped only .2 percent, while all but the two manufacturing measures showed improvement. Among the individual components, the national index, initial claims for unemployment, and building permits all registered improvements. Jobless claims feels 10.6 percent and building permits rose 3.1 percent. Hours and earnings were both down slightly, hours...

Read More