Economic Indicators
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States’ economies stall in BEES index amid U.S. slowdown
Fewer U.S. state economies improved during the first three months of the year and a measure of gains in their health rose at half the rate at the end of last year. more
R.I. foreclosure rate drops slightly in May
Rhode Island’s foreclosure rate fell 0.2 percentage points from May 2011 to May 2012, CoreLogic said Friday. more
Consumer spending in May is weakest in 6 months
Consumer spending in the U.S. stalled in May as slower job gains and a lack of wage growth prompted Americans to cut back. more
U.S. economy grew 1.9% in 1Q on consumer spending
The U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. more
New England jobless rate little changed in May
New England’s unemployment rate was little changed in May, according to the New England Information Office of the U.S. Bureau of Labor Statistics. more
| 6/27/12
R.I. personal income rises 0.8% in 1Q
Personal income in Rhode Island rose 0.8 percent from $46.3 billion during the fourth 2011 to $46.7 billion during the first quarter 2012, according to a new report from the U.S. Bureau of Economic Analysis. more
| 6/27/12
Home sales in Bristol County, Mass., rise 17% in May
Single-family sales in Bristol County, Mass., rose 17.43 percent compared with the same period in 2011, The Warren Group said Tuesday. more
Foreclosure rate drops slightly in Providence metro
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.31 percentage points in April compared with the same period last year, CoreLogic said Tuesday. more
Santander among 28 Spanish banks cut by Moody’s on debt risk
Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA were among 28 Spanish banks downgraded by Moody’s Investors Service, which cited the country’s sovereign debt and rising losses on real estate loans. more
R.I. exports climb 7.4% in April
Exports from Rhode Island increased 7.4 percent in April, following a 19.9 percent decline in March from February’s record high, according to an international trade statistics report from e-forecasting.com more
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