NC economy retreated slightly in August

by Dr. Mike Walden, NCSU Professor of Economics, September 28, 2017.

The Index retreated slightly in August from its reading in July. However, this was not unexpected given the Index's strong rise in July.  Also, the Index has trended upward for the year.  It will be important to watch for the economic impacts of Hurricanes Harvey and Irma in coming months.  Based on past experience, the economic impact for the next one to two quarters will be negative.  However, once rebuilding begins in earnest, economic growth will be temporarily boosted above its long term trend for up to half a year.