Leading economic indicators edge upward in August

AN INDEX OF Rhode Island's leading economic indicators increased 0.1 percent in August to 120.1, with a reading of 100 being equivalent to the state's activity in 2000.
Posted 10/1/12

PROVIDENCE – An index of Rhode Island’s leading economic indicators produced by Providence Business News and rose slightly to 120.1 in August.

A reading of 100 on the Providence Business News/ Leading Economic Indicator Index is equivalent to the state’s activity in 2000.

The state leading indicator edged up 0.1 percent in August after a decline of 0.2 percent in July.

The economic indicator index uses nine statistics to forecast the direction of the state’s economy over the next three to six months. Positive numbers signal growth while negative numbers denote contraction.

Five of the nine statistics had positive contributions to the index in August, including: unemployment claims, building permits, national stock prices, interest rate speed and the state’s employment barometer.

Four components negatively contributed to Rhode Island’s growth in August, including: weekly hours in manufacturing, exports of manufactures, regional consumer expectations and the national orders index.

In August, Rhode Island’s six-month growth rate – “a signal of turning points” – was 4 percent, after holding a rate of 4.2 percent in July.

By comparison, the long-term annual growth rate for the index was 2 percent, the same as the annual growth rate of the state’s overall economic activity.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News