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for "Hall, W.W., Jr"
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In comparison to 1985, economic growth in the Wilmington, North Carolina area slowed to a moderate pace over 1986 of approximately five percent, its long-term historical trend. Forecasts predict that growth in 1987 will match that of 1986. At the national level, growth will slow in 1987 but, as of yet, there is no recession in sight.
The year 1986 was a better than average year for the local economy. A mid-year review of local economic activity indicates that 1987 will be similar to 1986, and there is no immediate danger of a national recession. The dollar has continued to fall against other major currencies because of the uncertainty which has characterized United States trade policy.
The year 1985 saw renewed strength in the manufacturing sector of Wilmington, North Carolina. Recent announcements of new and expanded manufacturing facilities in the area are indicative of this rebound, and predictions suggest that further growth in the area manufacturing activity can be expected over 1986.
Economic activity for 1986 in the Wilmington, North Carolina area continues to show growth over previous levels. A new index of local leading economic indicators (RILE) can forecast the direction of future regional economic activity in the Wilmington area.