NC economic index edges higher

North Carolina’s economic indicators edged upward and hit a post-recession high in April, according to a monthly index compiled by N.C. State University economist Michael Walden.

The small rise in April followed a strong gain in March and suggests “better economic growth in the state continuing into early summer,” Walden wrote.

Walden’s index of economic indicators is designed to forecast the direction of the state’s economy four to six months ahead. It encompasses four statewide measures as well as a national index of leading indicators.

In April “the individual components were mixed, with the national index, initial jobless claims, and building permits improving, while manufacturing hours were unchanged and manufacturing earnings (per employee) declined,” Walden noted.

All of the components except building permits are higher than a year ago.