Carolinas Survey of Business Activity

Jan. 25, 2018

Firms in the Carolinas Reported Moderate Growth in January

Overview

According to the latest survey by the Federal Reserve Bank of Richmond, firms in the Carolinas saw modest growth in January. While the indexes for both general business conditions and sales were lower than in December, they remained positive, indicating expansion, at 19 and 11 respectively, suggesting continued but slowing growth.

Employment continued to increase moderately among Carolina firms. The index for availability of skills needed rose to 0 after being negative the last three months. However, firms expect to see a decrease in the availability of skills in the coming months.

Wages and capital expenditures continued to rise in January, and firms in the Carolinas expect further increases in the next six months. Firms also saw an acceleration in price growth for both inputs and outputs and expect price growth to increase. However, expected price growth was lower than in December.

Charts

Index Table

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Regional Survey Team
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