R.I. leading economic indicators up

AN index of leading economic indicators for Rhode Island’s economy reversed a three-month decline in November.
Posted 1/4/12

PROVIDENCE - An index of leading economic indicators for Rhode Island’s economy reversed a three-month decline in November.

The index, produced by Providence Business News and, rose 0.09 percent to 118 in November; a reading of 100 is equivalent to the state’s economic activity in 2000. Previously, the index registered three months of declines: October, down 0.26 percent, and September and August both registered declines of 0.82 percent.

The leading indicators index uses nine published statistics to forecast the direction of the state’s economy over the next three to six months, with positive numbers signaling growth and negative numbers signaling contraction.

Only three of the nine components contributed negatively in November: unemployment claims, regional consumer expectations, and the state employment barometer.

The six that had positive contributions were: weekly hours in manufacturing, building permits, manufactured exports, national stock prices, interest rate spread and national orders index.

The six-month growth rate, “a signal of turning points,” recorded a negative 0.5 percent in November, after holding a negative 0.2 percent in October. That compares to a long-term annual growth rate of 2.3 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