ECONOMIC INDICATORS

R.I.’s leading economic indicators edge upward in November

COURTESY E-FORECASTING.COM
AN INDEX OF Rhode Island's leading economic indicators increased 0.1 percent in November to 120.9, with a reading of 100 being equivalent to the state's activity in 2000.
Posted 1/23/13

PROVIDENCE – An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose to 120.9 in November.

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 rose 0.1 percent again in November after rising revised 0.4 percent in October.

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.

Four of the nine statistics had positive contributions to the index in November, including: exports of manufacturers, regional consumer expectations, interest rate spread and the state’s employment barometer.

Five components made negative contributions to Rhode Island’s economy in November, including: unemployment claims, weekly hours in manufacturing, building permits, national stock prices and the national orders index.

In November, Rhode Island’s six-month growth rate – “a signal of turning points” – was 3.2 percent, a decrease from the revised 3.8 percent rate in October.

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

Register today for the First Annual PBN Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Click here for more information, including the list of winners.
  • 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