Economic Indicators
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Factory orders in U.S. decrease by the most in 5 months
Orders to U.S. factories fell in January by the most in five months, weighed down by a slump in demand for military hardware and commercial aircraft. more
Bristol County, Mass. foreclosures drop 87% in January
Bristol County, Mass., foreclosure starts dropped 17.4 percent in January while finished foreclosures plummeted 86.7 percent compared with the first month of 2012, The Warren Group said Monday. more
| 3/5/13
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
Raimondo: Financial coaching key
Boosting Rhode Island out of its stagnant economy will not happen overnight, but the mission of Empower RI is to build a solid financial base, one employee and family at a time. more

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

Surveys: CFOs not ready to say recovery complete
Rhode Island chief financial officers echo the restrained expectations for economic growth in 2013 found in two national surveys of finance executives. America’s stubborn economic issues are weighing heavily on regional growth, some local financial leadetrs said. more

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

Machinery order gains show U.S. companies to grow
Orders for U.S. durable goods excluding transportation equipment climbed in January by the most in a year, showing companies are planning to expand capacity. more
Bloomberg News | 3/4/13
Cranes are harbingers of port growth
As the nation’s largest ports jockey for the new supersized cargo ships being built for a widening Panama Canal, maneuvering on a much smaller scale is happening in southern New England ports hoping to catch the spillover. more

By Patrick Anderson
PBN Staff Writer | 3/4/13

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

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