R.I. leading indicators unchanged in April

An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com was unchanged at 122.4 in April. More

To continue reading this article, please do one of the following.



economic indicators

R.I. leading indicators unchanged in April

COURTESY E-FORECASTING.COM
AN INDEX OF THE STATE'S leading economic indicators held steady in April, stopping eight consecutive months of increases.
Posted 6/6/13

PROVIDENCE – An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com was unchanged at 122.4 in April.

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

The state leading indicator was unchanged in April after a revised 0.2 percent increase in March, bringing to an end an eight-month streak of increases.

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 April, including: unemployment claims, building permits, national stock prices, interest rate spread and the state employment barometer.

Four components made negative contributions to Rhode Island’s economy in April, including: weekly hours in manufacturing, exports of manufacturers, regional consumer expectations and the national orders index.

In April, Rhode Island’s six-month growth rate – “a signal of turning points” – was 2.8 percent, a slight decrease from March’s 3.1 percent rate.

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.

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
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
  •  
    National
    Local
    Latest News