economy

R.I.’s leading economic indicators index rises 0.5%

COURTESY PBN/E-FORECASTING.COM
A leading economic indicators' index rose 0.5 percent in July following a June decline of 0.1 percent.
Posted 9/16/11

PROVIDENCE – An index of Rhode Island’s leading economic indicators rose 0.5 percent in July, following a June decline of 0.1 percent.

The Providence Business News/e-forecasting.com index for the state reached 118.8 in July. A reading of 100 is equivalent to the state’s economic activity in 2000.

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.

In July, six of the nine components made positive contributions to the index: unemployment claims, weekly hours in manufacturing, building permits, national stock prices, interest rate spread, and the state employment barometer.

The components contributing negatively to the index were: manufactured exports, regional consumer expectations, and the national orders index.

The six-month, annualized growth rate, a signal of turning points, went up by an annual rate of 7.3 percent in July, after an increase of 7.4 percent in June. This compares with a long-term annual growth rate of 1.8 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