Economic Indicators
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Dow average surges to record as profits stoke 4-year rebound
The Dow Jones Industrial Average rose to its highest level ever, erasing losses from the financial crisis after a four-year rally fueled by the fastest profit growth since the 1990s and monetary stimulus from the Federal Reserve. more
Home prices continue to rise in Providence metro
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 0.6 percent from January 2012 to January 2013, according to CoreLogic’s Home Price Index. more
| 3/5/13
U.S. stock futures decline on China data, federal spending cuts
U.S. stock-index futures declined as growth slowed in China’s services industry and American lawmakers signaled federal spending cuts will continue for weeks before they can reach a budget resolution. more
Condo, home sales rise in January
Condominium sales in the Ocean State soared 60 percent in January, the Rhode Island Association of Realtors said Friday. more
| 3/1/13
Consumer spending in U.S. climbs even as taxes hurt incomes
Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank. more
Revised jobless rate falls below 10%
(Updated, 3:50 p.m.) Rhode Island’s unemployment rate fell to 9.9 percent in December 2012, dipping below 10 percent for the first time in almost four years, according to annually revised data released Thursday by the R.I. Department of Labor and Training. more
Business activity in U.S. unexpectedly picked up in Feb.
Business activity in the U.S. unexpectedly expanded in February at the fastest pace in almost a year, a sign the manufacturing industry is poised for growth. more
Pending sales of U.S. existing homes rise more than forecast
Contracts to purchase previously owned U.S. homes climbed more than forecast in January, a sign the industry will keep strengthening this year. more
R.I. exports dip slightly in December
Exports from the Ocean State dropped 0.5 percent in December to $191.1 million on a month-to-month, seasonally adjusted basis after rising a revised 3.4 percent in November, according to an international trade statistics report from e-forecasting.com. more
| 2/26/13
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
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