Economic Indicators
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Vacancies decline in premium office space in first half of 2012
Downtown Providence office vacancies declined in the first half of 2012, leading to higher asking rents, but impending vacancies in large Class B buildings cast some uncertainty over the market, CB Richard Ellis New England said in its mid-year report. more
U.S. consumer sentiment gauge falls to lowest this year
Confidence among U.S. consumers dropped in July to the lowest level this year as the labor market and broader economy showed few signs of improvement. more
R.I. exports plunge 23.1% in May
Exports from Rhode Island plunged 23.1 percent in May, following a 7.4 percent increase in April, according to an international trade statistics report from e-forecasting.com. more
Providence metro ranked 6th best place to buy foreclosed property
The Providence-Fall River-New Bedford area is the sixth best place in the country to buy foreclosed property, behind Boston and Springfield, Mass. and one spot ahead of Worcester, Mass., RealtyTrac said Thursday. more
T.F. Green traveler numbers drop in June
Passenger numbers at T.F. Green Airport declined 7.37 percent in June compared with the same period in 2011. more
| 7/25/12
Oil falls on U.S. stockpile gain, China concern
Oil traded near its lowest in a week in New York on speculation that an increase in U.S. crude stockpiles signaled slowing demand in the world’s biggest consumer of the commodity. more
Providence area foreclosures drop, delinquencies rise in May
The foreclosure rate in the Providence-Fall River-New Bedford area fell .2 percentage points in May compared with the same period last year, CoreLogic said Wednesday. more
Home sales climb 5% in Bristol County, Mass.
Single-family home sales in Bristol County, Mass. climbed 5 percent in June compared with the same period last year, The Warren Group said Tuesday. more
Treasury yields slide to records as Europe spurs bid for safety
Treasuries climbed, with five-, 10- and 30-year yields sliding to records, as concern mounted that Europe’s debt crisis is worsening and before reports this week forecast to show U.S. growth cooled. 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
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