Economic Activity
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MassBenchmarks: Outlook positive, but sequestration is ‘major threat’
After a relatively good year in 2012, the Massachusetts economy is poised for expansion, according to the Leading Economic Index released Tuesday by the MassBenchmarks editorial board, which added that sequestration was a “major threat to state economic growth.” more
| 2/26/13
Foreclosures rise as delinquent payments dip in Prov. metro
The Providence-New Bedford-Fall River metro area foreclosure rate rose 0.16 percentage points in December compared with the same period in 2011, CoreLogic said Wednesday. more
Three more EDC board members to step down
(Updated, Feb. 28, 11:45 a.m.) Three more members of the R.I. Economic Development Corporation Board of Directors have announced their intention to step down, bringing to eight the number who have left or asked off the board since last spring. more
UNFI profits, revenue rise in 2Q
United Natural Foods Inc.’s profit rose 2.8 percent year over year during the three months ended Jan. 26, and 18.8 percent year over year for the first two quarters of its fiscal year, the company announced Tuesday. more
| 2/26/13
Home sales, prices rise in Bristol County, Mass. in January
Single-family home sales and the median price of those sales rose 9 percent in Bristol County, Mass. in January compared with the same month in 2012, The Warren Group said Tuesday. more
White House: Sequestration projected to cost R.I. $39M
Rhode Island programs and payrolls are expected to lose more than $39 million to the automatic sequestration cuts threatening to take place on March 1, according to a report released by the White House on Sunday detailing how the deep spending cuts will affect every state in the country. more
| 2/25/13
U.S. stock futures advance amid speculation on Japan stimulus
U.S. stock futures rose, following the first weekly drop in the Standard & Poor’s 500 Index this year, on growing speculation Japan will stimulate its economy. more
Brown students to host R.I. Fiscal Summit
Students from Brown University’s Common Sense Action group will host the Rhode Island Fiscal Summit on Saturday on the school’s campus to “address the fiscal challenges facing the United States.” more
| 2/22/13
Real GDP in Providence metro rises 0.9% in 2011
Real gross domestic product increased in 242 of the nation’s 366 metropolitan areas in 2011, including the Providence-New Bedford-Fall River area, according to new statistics released Friday by the U.S. Bureau of Economic Analysis. more
| 2/22/13
Skepticism about U.S. spending seen in consumer stocks
Investors are skeptical that U.S. retail spending will exceed forecasts this year, as some consumer-discretionary stock indexes have yet to reach new multi-year highs relative to their defensive counterparts. more
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