WNC Index shows stall in economy

Western North Carolina economic activity, as measured by the Western North Carolina Economic Index, fell .2 percent in September. The index, which tracks the level of economic activity in 25 western North Carolina counties, has not increased for two consecutive months. The previous month's revised index showed no change.

The WNC economy grew at an annual rate of 2.4 percent in the third quarter of 2007; below the 3.9 percent reported for the national economy.

The regional employment picture remained weak in September, and fell behind the rest of the state. Seasonally adjusted employment for WNC increased .13 percent for the month, while statewide employment increased by .70 percent for the month.

 

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