Economic Indicators
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Personal income in R.I. rises in 4Q, 2012
Personal income in Rhode Island grew by 2.4 percent during 2012 and Massachusetts’ personal income grew by 3.2 percent during the year, according to a new report from the U.S. Bureau of Economic Analysis. more
| 3/27/13
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
Home prices rise 1% in the Prov. metro area in Feb.
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 1 percent from February 2012 to February 2013, according to CoreLogic’s Home Price Index. more
| 4/3/13
Fitch says top AAA sovereign ratings under pressure in 2013
Fitch Ratings said its AAA credit rankings on France, the United States and the United Kingdom are likely to come under pressure this year due to slow economic growth and high debt levels. more
Pending sales of existing homes climbed 1.5% in March
More Americans than forecast signed contracts in March to buy previously owned homes, another indication of progress in the housing market. more
Retail sales in the U.S. beat Sept. forecasts
Retail sales in the U.S. rose more than projected in September, reflecting broad-based gains that indicate household spending helped bolster economic growth last quarter. more
Bloomberg News | 10/22/12
Business formations fall 4% in 1Q
After two consecutive years of year-over-year first-quarter increases in business formations, the number of new businesses created during the first three months of 2013 fell nearly 4 percent compared with the first quarter of 2012, Secretary of State A. Ralph Mollis announced Monday. more
| 4/22/13
Shoppers waiting longer for back-to-school purchases
Stuart Solup has been running Irving’s Shoe Store in Portsmouth since the 1970s, and in that time he’s had a keen view of back-to-school shopping trends. In fact, Solup says that the back-to-school season accounts for about 30 percent of his yearly business. more
R.I. leading indicators continue rise in February
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose to 122.1 in February. more
| 4/4/13
Foreclosure, delinquency rates drop in Providence Metro in February
The Providence-Fall River-New Bedford area foreclosure rate fell 0.14 percentage points for February compared to the same period in 2012, CoreLogic said Friday. more
| 4/26/13
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