The number of passengers arriving at Charleston International Airport will increase by about 6 percent as a result of new flights. May. Automotive sales, leases Car and truck sales and leases should fall 1.3 percent as a whole. But truck sales are expected to increase in the fourth quarter. The indicators used in the Charleston Metro Chamber of Commerce's economic forecast are reported in a quarterly format. Predictions are based on econometric modeling developed by Charleston Southern University, using historical data from the chamber's Center for Business Research.
Data includes various indicators and their influences on each other.
The model relies on 19 indicators. Local factors include labor force, employment, jobless rate, retail sales, home and commercial construction permits, existing-home sales, lodging occupancy figures and daily room rates, attraction attendance, new car and truck sales and leases, airline arrivals and port tonnage. In addition to this research, a 19-member Economic Outlook Board provides insight based on members' firsthand knowledge of the economy. The staff includes Jacki Warren, Center for Business Researcand Al Parish, Charleston Southern University.