North Carolina's economic 'index' declines in December

Posted January 31, 2012

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— North Carolina’s statewide economic index declined in December from the previous month, but the author of the monthly report is not changing his view about what to expect in 2012.

The North Carolina State University Index of N.C. Leading Economic Indicators fell 2.1 percent from December, NCSU economist Dr. Michael Walden reported Tuesday.

Tracking NC's economy

However, Walden pointed out that the index remained the same as in December 2010.

“[O]ver the past year, all the North Carolina components of the Index are improved or
have shown no change,” Walden wrote. “Thus, the outlook is for a continuing, slowing improving state economy.”

The index is based on a number of factors including worker earnings, building permits, the housing market, hours worked and new unemployment claims.

Walden uses the index to forecast where the economy is headed over the next four to six months.

“All the individual components held steady or slid, with earnings unchanged, the national index, permits, and hours declining, and new unemployment claims rising,” Walden said. “However, like last month, December’s Index was driven by building permits, this time falling by almost 29 percent.”

According to Walden, the state’s regional housing markets were “mostly positive in December.”


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  • Ezekiel c23 v19to20 Feb 1, 2012

    "Welcome to Obama's America!"

    Yes, an America where things are improving, albeit slowly, but getting better none the less.

  • juncyard v2 Jan 31, 2012

    lol wow...I wonder where those 2 posters were at when we were losing 55k jobs a month under old GW?

  • SmokeWagon Jan 31, 2012

    Oh don't worry...hopey, changey is coming..(for real this time, I'm sure)..!!!!! Why this close to election time Nomobama is having and epiphany or two each day...the "news" media and the sheep are all gathering for a "new" sheep dip anointment in Charlotte soon...!!!

  • prn13norm Jan 31, 2012

    Welcome to Obama's America!