Economic Indicators
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U.S. retailers including Gap Inc. and Macy’s Inc. posted August same-store sales that topped analysts’ estimates as consumers took advantage of back-to-school promotions. more
Sales of previously foreclosed homes in the Providence-Fall River-New Bedford area dropped 22 percent in the second quarter compared with the same period last year, RealtyTrac said Thursday. more
During June and July, economic growth in the New England region “continued to disappoint” as employment growth faltered and the region lost 2,500 jobs in June alone, according to the Beige Book report from the Federal Reserve Bank of Boston. more
Consumer spending in the U.S. climbed in July for the first time in three months as the biggest part of the economy struggled to overcome a jobless rate hovering over 8 percent. more
Unemployment rates were lower year over year in July for 305 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, the U.S. Bureau of Labor Statistics announced Wednesday. more
Single-family home sales in Bristol County, Mass. rose 5 percent in July compared with the same period last year while prices remained flat, The Warren Group said Wednesday. more
The U.S. economy expanded more than previously estimated in the second quarter, reflecting an improvement in the trade deficit and a pickup in household spending on utilities. more
The foreclosure rate in Rhode Island fell 0.3 percentage points in July compared with the same period in 2011, CoreLogic said Tuesday. more
Confidence among U.S. consumers fell in August by the most in 10 months as households grew more pessimistic about their employment prospects and the economic outlook. more
Rhode Island’s gasoline prices rose 4 cents this week, marking the fourth consecutive week of price hikes at the pump, according to AAA Southern New England. more
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