Economic Indicators
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Banks buoyed by commercial lending
Local banks of all sizes are edging up on the optimism scale, buoyed at least in part by profits tied to substantial increases in commercial lending in 2012. more

By Rhonda Miller
PBN Staff Writer | 3/4/13

Lardaro: 2013 starts with ‘very strong, favorable trends’
The pace of Rhode Island’s economic recovery accelerated during the third and fourth quarters of 2012, according to University of Rhode Island economist Leonard Lardaro’s analysis of recently released revised labor market data. Even better news, he said, is that the trend continued into the New Year. more
Home prices rise in 88% of U.S. cities as market gains
Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened. more
Home prices climb by most in 6 years as U.S. market firms
Home prices in 20 U.S. cities rose in November from a year earlier by the most in more than six years, indicating the U.S. housing rebound is gaining ground. more
U.S. stock futures decline amid earnings ahead of housing data
U.S. stock-index futures fell, after benchmark indexes climbed to five-year highs last week, as investors weighed corporate earnings and awaited a report on existing home sales. more
Jobless claims in U.S. unexpectedly increased last week
More Americans than forecast filed applications for unemployment benefits last week, a sign improvement in the labor market remains uneven. more
Short holiday work week sees jobless claims fall in U.S.
Fewer Americans than forecast filed claims for unemployment insurance last week as state offices rushed to tally the data in a holiday-shortened period. more
U.S. holiday sales rise 0.7% as Washington hurts confidence
U.S. holiday sales growth slowed by more than half this year after gridlock in Washington soured consumers’ moods and Hurricane Sandy disrupted shopping, MasterCard Advisors SpendingPulse said. more
Demand for U.S. goods climbed more than forecast in November
Demand for goods such as machinery and electronics climbed more than forecast in November, showing U.S. companies are planning to expand next year as they look beyond the tax increases and spending cuts slated to take effect. more
Gasoline at U.S. pumps drops to lowest in a year on supplies
Retail gasoline prices in the U.S. fell to the lowest level in a year as refineries restored production and stockpiles rose to the most in eight months, blunting criticism of President Barack Obama’s energy policies. more
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