Skip to Main Content

Carolinas Survey of Business Activity

June 27, 2024

Business activity in the Carolinas was sluggish in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The general business conditions index decreased from 1 in May to −4 in June, while the corresponding expectations index edged up from 4 to 5. The sales index fell notably from 11 in May to −6 in June. Its corresponding expectations index decreased but remained firmly in positive territory.

The employment index remained unchanged at 2 in June while the wages index increased slightly, and firms reported little change in their ability to find workers with the necessary skills. Most firms expected wages to continue increasing over the near-term and anticipated little change in their ability to find workers with the desired skills over the next six months.

Average year-over-year growth in prices paid increased slightly in June, while average growth in prices received decreased slightly. Firms expected growth in prices paid to moderate somewhat over the next year.

Read Full Report
Download Current and Historical Data

Past Reports

Subscribe to Economic Data

Receive an email notification when regional surveys and reports are posted online:

Subscribe to Economic Data

By submitting this form you agree to the Bank's Terms & Conditions and Privacy Notice.

Phone Icon Contact Us

Regional Survey Team (571) 287-0448