Economic Activity
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Massachusetts single-family home sales fell 4.1 percent in February compared with the same month a year earlier, the third decline in sales in the last four months, according to a report released Wednesday by The Warren Group. more
Orders for U.S. business equipment fell in February for the second time in three months, signaling corporate investment will be slow to gain momentum following an unusually harsh winter that put a damper on demand. more
Hotel tax collections rose to $138,139 in January, an increase of 4.1 percent compared with the $132,707 collected during January 2013, the R.I. Department of Revenue reported Tuesday. more
The Social Enterprise Ecosystem for Economic Development Summit has added former Clinton policy adviser Ira C. Magaziner to its lineup of keynote speakers for the annual event, to be held this year on April 25-26 at Brown University. more
The Rhode Island Business Competition has announced the 10-member judging panel for its 2014 contest, which will award prizes valued at more than $200,000 when the winners are named in May. more
Personal incomes in Rhode Island rose 2.6 percent in 2013, while the state’s per capita income ranked as the 14th highest in the nation, according to a report released Tuesday by the U.S. Bureau of Economic Analysis. Personal income in the Ocean State totaled $49.4 billion last year, a gain of $1.3 billion compared with the 2012 total of $48.2 billion. more
Rhode Island saw exports fall 12.8 percent from a year earlier in January to $198.8 million, as continued weakness in developed economies as well as slowing in the developing world dampened demand for Ocean State shipments. more
Gasoline prices remain unchanged this week in Rhode Island, while prices increased 1 cent in Massachusetts, according to the weekly survey by AAA Southern New England. more
(Updated, 5:45 p.m.) With a month-over-month gain of 0.2 percent in January, Rhode Island landed tied for eighth place among the 10 states with the largest increases in the Black Knight Home Price Index. more
The economy may be growing at a frustratingly slow pace, but one piece of it is booming: American homeowners’ equity holdings – the market value of their houses minus their mortgage debts – soared by nearly $2.1 trillion last year to $10 trillion. more
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