Economic Activity
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Report: R.I. economic growth ‘rebounds’ in 1Q
The Rhode Island Current Economic Indicator Index, released by the R.I. Public Expenditure Council and Bryant University’s Center for Global and Regional Economic Studies on Monday, reported that Rhode Island economic growth expanded at a more robust rate than estimated during the first quarter of 2013. more
| 5/20/13
Orders for U.S. durable goods increase more than forecast
Orders for U.S. durable goods increased more than forecast in April, pointing to gains in business investment that will help manufacturing rebound in the second half of the year. more
R.I. outlook ranks 45th on ‘Rich States, Poor States’ report
Rhode Island’s economic outlook ranked No. 45 among the 50 states according to the 2013 ALEC-Laffer State Economic Competitiveness Index released by the American Legislative Exchange Council. Rhode Island’s No. 45 rank represented a slip from last year’s report, in which the Ocean State ranked No. 43. more
| 5/23/13
Metro area foreclosure, delinquency rates fall in March
The Providence-Fall River-New Bedford area foreclosure rate fell 0.11 percentage points for March compared with the same period in 2012, CoreLogic said Thursday. more
| 5/23/13
Report: Despite growth, R.I. recovery ‘still lags’
Even though Rhode Island has gained some economic strength in 2013, the Ocean State “still lags behind other states in New England when looking at major economic indicators such as growth of the gross state product and the unemployment rate,” according to the spring 2013 New England Economic Outlook report from the New England Economic Partnership. more
| 5/22/13
Manufacturing in R.I. is modern and strong
Last week’s World Trade Day, the 28th edition of the annual Bryant University event, and the largest of its kind in the Northeast, if not the country, had an added bonus. more
5/27/13
Exports from R.I. fall 5.1% in March
Exports from the Ocean State fell 5.1 percent in March to $183.1 million on a month-to-month, seasonally adjusted basis after falling 15.3 percent in February, according to an international trade statistics report from e-forecasting.com. more
| 5/23/13
Bernanke says premature Fed tightening would endanger recovery
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy remains hampered by high unemployment and government spending cuts, and tightening policy too soon would endanger the recovery. more
Confidence among small U.S. businesses cooled in September
Confidence among U.S. small businesses cooled in September as fewer companies said they planned to hire or invest in new equipment, a survey found. more
Hopedene mansion sells for record $16M
The 15-bedroom “Cliff Walk” mansion known as “Hopedene” has sold for $16 million, the highest purchase price of a Rhode Island home this year and second highest ever, Gustave White Sotheby’s International Real Estate announced Wednesday. more
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