CHARLOTTE-PNC Bank Economist Mekael Teshome says that the bank's spring survey of North Carolina business owners finds many executives optimistic, but still cautious about hiring new workers.
He tells the Charlotte Business Journal that the North Carolina economy is healing from the ill effects of the recession.
“The positives in the report point to an economy that is healing. The recovery is for real,” Teshome says. “In the survey we see a few points that tell us that. One is overall optimism of the local economy has improved. The second thing is more firms expect higher sales. Third point is that more firms expect to increase their selling price. The fourth point is that house prices have turned around. Those four things point to an economy improving and heading in the right direction.”
One negative gleaned from the survey is that the percentage of executives who expect to make job cuts rose from 10% last year to 13% this year. See story in the Charlotte Business Journal.
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