North Carolina's economic indicators remained unchanged in August, according to a monthly index compiled by N.C. State University economist Michael Walden.
Compared to the same month last y ear, the index is up 1.7 percent.
Walden’s index weighs four North Carolina measures and the national index of leading economic indicators as a single state forecast. In August, a retreat in the national index and a rise in jobless claims and decline in building permits were offset by increased manufacturing hours and earnings.
Since last fall, the index has remained at about the same level, with small monthly increases mixes in with small decreases.
“The suggestion is that North Carolina’s economy will continue on its current growth path, with no major acceleration or deceleration indicated in the near future,” Walden wrote.