Source: WRAL TECHWIRE, 6/27/22

 All economic indicators tracked in a monthly index that forecasts the future of North Carolina’s economy experienced a pullback in May 2022. The NCSU Index of North Carolina Leading Economic Indicators is a monthly index that forecast’s the state economy’s direction between four and six months ahead. And, the latest index shows a drop of 3.4%, the largest reduction in more than a year.  Still, the index is 2.9% higher than it was in May 2021. “More analysts are increasing their odds for an upcoming recession,” said Dr. Michael Walden, an economist and the author of the index and a contributor to WRAL TechWire.

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