A leading South Carolina economist says you can count on the state’s economy getting better next year and better still in 2012. Clemson University economist Bruce Yandle says because of its manufacturing South Carolina is tightly linked to the nation’s manufacturing base and that will be a real blessing when that national base improves.
Yandle says because of its manufacturing base, South Carolina should see growth in personal income over the next year.
Yandle says there is a definite lack of housing activity.
Construction, measured by construction jobs, which grew in South Carolina from 1991 through the first half of this year, won’t stabilize again until the end of 2011. But the sale of new housing permits has picked up in the Charleston and Greenville regions, even though it’s slower in Columbia.
Yandle says the metro areas Charleston, Florence and Sumter are currently doing better than the national average in terms of per capita income.