An index that measures economic activity in Western North Carolina reached its lowest level in at least four years during September, according to a report released this week.
The index covers a 25-county region that includes Alleghany, Ashe, Watauga and Wilkes. It dropped by 0.6 percentage points to a reading of 98.4. By comparison, the index was at 102.6 in September 2008.
Todd Cherry, a co-author of the index and a professor of economics at Appalachian State University, said that the sharp increase in the region's jobless rate has hampered economic activity.
Email
Facebook
Google
Twitter
Favorites
More
Advertisement