Although the NCSU Index of North Carolina Leading Economic Indicators retreated in June, the drop was driven by declines in the national index and in building permits. On the up-side, there were fewer initial claims for unemployment and the manufacturing sector was stable. What does this mean for the economic outlook: no recession, recession, or a hybrid?
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An index that tracks the economic outlook for North Carolina over the next four to six months rose in February 2022. But 3 factors could change the outlook.
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An economic index that forecasts the future of North Carolina’s economy remained virtually unchanged from September to October, but the emergence of a new variant of the coronavirus that causes COVID-19 leaves the future uncertain.
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While North Carolina’s leading indicators all rose, suggesting the outlook for the state’s economy is positive, unemployment requests also remain extremely high, according to the NCSU index.
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