Carolinas Survey of Business Activity

Nov. 30, 2017

Firms in the Carolinas Reported Strong Business Conditions in November

Overview

Firms in the Carolinas reported improved business conditions in November, according to the most recent survey by the Federal Reserve Bank of Richmond. Reports indicated strong growth in sales, and firms remain confident, as they expected continued sales growth and improved business conditions six months from now.

Carolina firms also reported growth in employment and expected to see both employment and wages continue to rise. However, the indicator for the availability of needed skills remained negative but did increase to −2 in November from −9 in October.

Firms in the Carolinas saw continued price growth in November, as growth rates increased for both prices paid and prices received. Firms expected to see price growth continue, along with further increases in business expenditures in the coming months.

Charts

Index Table

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Regional Survey Team
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