Dixon Hughes

Dixon Hughes Goodman Triad Business Index Table of Contents

    1. Introduction
    2. Tracking the Triad Economy GDP
    3. Triad Business Index
    4. National Economic Indicators
    5. Monetary Indicators
    6. Unemployment Rate
    7. Initial Claims for Unemployment Insurance
    8. Total Employment
    9. Goods-Producing Employment
    10. Service-Providing Employment
    11. Residential Building Permits
    12. PTIA Air-Cargo Shipments
    13. MSA Employment Growth
    14. Number and Prices of Existing Homes Sold
    15. Housing Summary
    16. Table 1: Triad Economic Indicators
    17. Table 2: North Carolina Metro Indicators
    18. Table 3: Triad Business Index Historical Values
  2. Links
    1. Dixon Hughes Goodman LLP
    2. Center for Business and Economic Research
    3. Printer Friendly Version (PDF)
    4. Subscribe to DHGTBI
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December 2011

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Executive Summary

The Dixon Hughes Goodman Triad Business Index is developed and maintained by: Dr. G. Donald Jud, Center for Bus. & Eco. Res., Bryan School of Bus. & Eco., UNCG Email: JudDon@uncg.edu

The Dixon Hughes Goodman Triad Business Index was up 0.3% in March. Over the past 12 months, the index has risen 2.1%. In comparison, business activity in North Carolina has grown 1.9% over the past year and gained 0.4% this month. Over the past 3 months, business activity in the Triad has risen at a 3.6% annualized rate.

At the national level, the Conference Board's Leading Economic Index rose 0.3% in March and is up 2.1% over the past 12 months. The ISM Purchasing Managers Index was 53.4, which indicates a growing manufacturing sector and continuing growth in the overall economy as well.

The seasonally adjusted rate of unemployment in the Triad was 9.3% in March, down 0.2 percentage points from last month and 0.4 percentage points below the level recorded 12 months ago. The national unemployment rate was 8.2%, down 0.1 percentage points from last month and 0.7 percentage points lower than March of last year.

Total nonagricultural wage and salary employment in the Piedmont Triad gained 0.2% in March. Over the past 12 months, employment has risen 1.5%. For the nation as a whole, employment gained 0.2% in March. Over the past 12 months, national employment has increased 0.7%.

Area retail sales totaled $1,164.9 million in March. Corrected for inflation and seasonal variation, retail spending was up 0.3% from February and was up 3.9% from March of last year.

Housing statistics suggest that the pace of housing market activity increased this month. The number of existing, single-family homes sold in the Triad was up 1.6% from February and was 13.7% above the number sold one year ago.

The price of the average home sold was essentially unchanged from last month. The average quality-adjusted price of an existing home in the Triad was $160,291. The average was off 2.7% from 12 months ago.

Passenger boardings at the Piedmont Triad International Airport, an important predictor of future area employment and population, rose in March 0.7% and are up 6.8% over the past 12 months.

The Dixon Hughes Goodman Triad Business Index is developed and maintained by: Dr. G. Donald Jud, Center for Bus. & Eco. Res., Bryan School of Bus. & Eco., UNCG Email: JudDon@uncg.edu

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Dixon Hughes Goodman LLP
With more than 1,700 people in 30 offices in 11 states and Washington, D.C., Dixon Hughes Goodman is the largest certified public accounting firm based in the Southern U.S. and the 13th largest in the nation. Visit www.dhgllp.com for more information.

VOICE 866.625.0017
EMAIL info@dhgllp.com
URL www.dhgllp.com

UNCG's Center for Business and Economic Research
CBER performs high-quality applied research in economic policy and business practice, drawing on the expertise of the faculty of the Bryan School of Business and Economics. CBER's goal is to serve the Triad community and assist in the economic development of our region.

VOICE 336.334.9824
EMAIL caphill4@uncg.edu
URL cber.uncg.edu