Economic Indicators
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Fitch rates Providence bonds ‘BBB,’ outlook negative
Fitch Ratings has ranked Providence’s general obligation bonds as “BBB,” outlook negative, due to what the global ratings company said was “remaining uncertainly” and the fact that the city still faces “financial pressure and limited flexibility.” more
| 2/15/13
Consumer sentiment in U.S. increases to a 3-month high
Consumer confidence in the U.S. rose in February to a three-month high, which may help to preserve recent gains in household spending. more
Foreclosure starts fall in Providence metro in January
January Foreclosure starts in the Providence-Fall River-New Bedford area dropped 22 percent and completed foreclosures plunged 61 percent compared with the same period last year, RealtyTrac said Thursday. more
Jobless claims in U.S. decreased more than forecast last week
Fewer Americans than projected filed applications for unemployment benefits last week, indicating an improving outlook for the labor market. more
Retail sales in U.S. increase for 3rd consecutive month
Retail sales in the U.S. rose in January for a third consecutive month, showing household spending is holding up even as an increase in the payroll tax takes a bigger bite from paychecks. more
Retail sales probably rose as U.S. consumers overcame tax rise
Sales at U.S. retailers probably grew in January as an improving job market helped consumers overcome higher payroll taxes, economists said before a report this morning. more
Leading economic indicators continue rise in R.I. in Dec.
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose to 121.4 in December. more
| 2/13/13
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
U.S. stocks little changed after S&P 500 reaches 5-year high
U.S. stocks were little changed, after the Standard & Poor’s 500 Index climbed to a five-year high, as European leaders met to discuss the region’s crisis and investors awaited President Barack Obama’s speech on his legislative priorities. more
Lardaro: R.I. economy ends year on upswing
December 2012 brought reason to celebrate Rhode Island’s economic performance, as last year’s fourth quarter showed broad-based positive economic activity, according to University of Rhode Island economist Leonard Lardaro. more
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