Economic Indicators
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Demand for fuel efficiency spurs R.I. auto sales
During the first quarter of 2012, earning reports for the “Big Three” American motor companies, Ford, General Motors and Chrysler, showed that Americans are standing behind their automobile makers, and the Ocean State followed suit in the country’s rekindled love affair with the iconic, American-made automobile. more
Ocean State not as bad off as employment data suggest
When University of Rhode Island economist Leonard Lardaro began working as a forecaster for the New England Economic Partnership in 1991, he realized the Ocean State was not getting the kind of detailed economic analysis happening elsewhere. Seeing an opportunity to fill that gap, Lardaro developed his Current Conditions Index for Rhode Island that 11 years later is relied on to provide a barometer of the state’s economic health. more
Public-sector workers digging in to save pensions
Leaders of the largest U.S. union of public-sector workers are vowing to fight efforts by state and local governments to balance their budgets with cuts to employee benefits even as voters have sided with that strategy. more
Valuations in 2012: A matter of appreciation
Are some appraisers failing to see the improvements in real estate values under way in local markets that have recently bottomed out and turned positive? When multiple bids push a house price thousands of dollars above what the seller is asking – not unusual in neighborhoods where demand is particularly robust – are appraisers still coming in with values below the agreed-upon contract number? more
7/2/12
Report: R.I. bioscience sector shows job growth since 2001
According to the Battelle/Bio State Bioscience Industry Development Report, Rhode Island’s bioscience sector grew 44.3 percent from 2001 to 2010. more
Waiting for trains to boost sales
Businesses at the Wickford Junction shopping center in North Kingstown hoping for a customer boost from commuters using the new $44 million train station next door will have to be patient. more
Business travel set to fly higher?
You can tell a lot about the business climate from the way executives travel. In the years before 2008, business leaders needing to meet a client, check out a hot prospect or tour a factory often used their corporate jet to get them there. more
Oil rises for third day on China speculation, rising equities
Oil rose for a third day, the longest winning streak in a month, as slowing growth in China fueled stimulus speculation and U.S. equities advanced. more
Parking revenue on rise
After a six-month wait for needed approvals, Metropark LTD. recently opened a new surface parking lot at 43 Weybosset St. behind the old National Bank façade. “Restaurants are doing better than last year and, yes, there are more people working downtown. … Demand [for parking] is up,” said Charlie Meyers, president of Metropark. The company’s citywide revenue is up 10 percent this year. Revenue from city parking meters is also up, 55 percent since 2009, according to Providence Parking Administrator Leo Perrotta. more
7/23/12
U.S. bank loans are at post-recession peak
Banks in the U.S. are lending the most since the recession ended in June 2009, supporting an economy weighed down by 8.3 percent unemployment. more
Bloomberg News | 8/13/12
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