Dixon Hughes

Dixon Hughes Goodman Triad Business Index Table of Contents

    1. Introduction
    2. Tracking the Triad Economy
    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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July 2012

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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 off 0.1% in March.  Over the past 12 months, the index has dipped 0.4%.  In comparison, business activity in North Carolina has grown 2.3% over the past year and was up 0.3% this month.  Business activity in the Triad peaked in October of last year and has fallen for the past 5 months, while business activity in North Carolina has accelerated since the middle of last year, more than doubling its rate of growth during this period.

At the national level, the Conference Board's Leading Economic Index slipped 0.1% in March but is up 1.7% over the past 12 months. The ISM Purchasing Managers Index was 51.3, which indicates activity in the manufacturing sector increased this month.

The seasonally adjusted rate of unemployment in the Triad was 9.2% in March, down 0.1 percentage points from last month and 0.2 percentage points below the level recorded 12 months ago.  The national unemployment rate was 7.6%, down 0.1 percentage points from last month and 0.6 percentage points lower than March of last year.

Total nonagricultural wage and salary employment in the Piedmont Triad was off 0.1% in March.  Over the past 12 months, employment has declined 0.3%.  For the nation as a whole, employment gained 0.1% in March.  Over the past 12 months, national employment has increased 1.4%.

Area retail sales totaled $1,160.7 million in March.  Corrected for inflation and seasonal variation, retail spending was up 0.4% from February and was up 0.5% from March of last year.  Employment in retail trade was higher by 0.3% in March and is up 3.0% over the past 12 months.

Housing statistics suggest that the pace of housing market activity has risen over the past 12 months.  The number of existing, single-family homes sold in the Triad was up 1.2% from February and was 22.7% above the number sold one year ago. 

The price of the average home sold gained 0.4% from last month.  The average quality-adjusted price of an existing home in the Triad was $168,459.  The average was up 5.7% from 12 months ago.

Passenger boardings at the Piedmont Triad International Airport were up 0.1% in March but are down 4.7% 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