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

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
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