Tuesday, June 26, 2012

Charlotte, region get mixed economic news Tuesday

Tuesday featured a raft of economic reports, including the much-anticipated Case-Shiller Home Price Index and the Richmond Fed manufacturing index.

The seasonally adjusted home price data showed that Charlotte's housing prices increased for the fifth straight month, and was up over the prior year period for the second straight month.

But of course, there's a long way to go:

The Richmond Fed's manufacturing index wasn't nearly as positive. It reported that employment growth is slowing and shipping and new orders are actually declining. The Richmond Fed's district encompasses the Carolinas, Virginia, West Virginia and Maryland.

While not local, the consumer confidence index was negative as well for the fourth straight month.