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Carolinas Survey of Business Activity

Dec. 28, 2017

Business Conditions in the Carolinas Remained Positive in December

Overview

Business conditions in the Carolinas remained positive in December, according to the most recent survey by the Federal Reserve Bank of Richmond. Firms reported continued increases in sales, employment, and wages, although this growth was somewhat softer than in November.

Spending by Carolinas firms increased in December and firms expected expenditures to continue to rise in the coming months. Firms were optimistic, expecting strengthening business conditions and sales growth in the next six months. Conversely, firms did not expect to see improvements in the availability of skills, as both the current and expected skills indexes remained weak at a value of −2.

Carolina firms reported continued but slower growth in both prices paid and prices received in December. However, firms expect price growth to accelerate in the next six months.

Charts

Carolinas Business Activity
Expected Business Activity
Capital Expenditures on Computers/Software
Employment
Availability of Skills Needed
Wages
Price Trends

Index Table

Carolinas Business Activity Indexes

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Regional Survey Team (804) 697-8702