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November 2001 Saw Big Economic Plunge in High Point, N.C., Area.

Knight Ridder/Tribune Business News, January, 2002

By Richard Craver, High Point Enterprise, N.C. Knight Ridder/Tribune Business News

Jan. 3--Economic activity in the Triad took the largest plunge of an ongoing nine-month slide in November, according to a monthly analysis of Piedmont trends.

The Triad Business Index, as compiled by University of North Carolina at Greensboro economics professor Don Jud, dropped by 0.6 percent during the month to a 132.1 reading. Jud was not available to elaborate on his report Wednesday.

The index reading hit a 17month low and has fallen 2.8 percent since the official onset of the recession in March.

Of the seven Triad economic indicators that Jud reviews monthly, only a 5.6 percent rise in housing prices in the past year held any relatively...

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