R.I.’s leading economic indicators continue to rise in July

An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose 0.6 percent in July to 122.6 from 121.9 in June. More

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



economic indicators

R.I.’s leading economic indicators continue to rise in July

COURTESY E-FORECASTING.COM
AFTER A DROP IN THE RATE OF INCREASE in June, the Providence Business News/e-forecasting.com Leading Economic Indicator Index rose to 122.6 in July.
Posted 9/9/13

PROVIDENCE – An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose 0.6 percent in July to 122.6 from 121.9 in June.

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 increase of 0.6 percent in July showed rising growth for the state, which registered an increase of 0.2 percent in June.

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.

Seven of the nine components made a positive contribution to Rhode Island’s economy in July, including: unemployment claims, weekly hours in manufacturing, exports of manufactures, regional consumer expectations, national stock prices, the interest rate spread and the national orders index.

Two of the components made a negative contribution to index in July, including: building permits and the state employment barometer.

In July, Rhode Island’s six-month growth rate – “a signal of turning points” – was 3 percent, edging up from June’s revised 2.3 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.

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • 40 Under Forty
    We're almost sold out. The 10th Anniversary of 40 Under Forty, and PBN is planni ...
  • Healthiest Employers
    See who the Healthiest Employers in RI are! And save the date - August 14th - at ...
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
    Advertisement