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Economic Activity in Western North Carolina Flat during May.
Byline: Richard Craver
Jul. 22--Economic activity in Western North Carolina was flat in May despite an overall increase in job growth, according to a business index that covers a 25-county region.
The Western N.C. Business Index was unchanged at 121.8. The index had increased in March and April, representing nearly half of the region's 1.3-percent growth in economic activity since May 2002.
"The lack of movement in May reminds us that the economy remains somewhat weak," said Todd Cherry, an economic professor at Appalachian State University's Walker College of Business. Professors John Dawson and Rich Crepeau are the index's other authors.
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