Trade
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Real gross domestic product in Massachusetts grew at an annual rate of 4.9 percent in the second quarter, reversing the economy’s contraction in the first quarter and outpacing U.S. economic growth for the same period, local economy journal MassBenchmarks reported in its Current Economic Index Wednesday. more
Gains in consumer spending and business investment helped the U.S. economy rebound more than forecast in the second quarter following a slump in the prior three months that was smaller than previously estimated. more
Exports from Rhode Island rose 15.6 percent in May compared with a year earlier, climbing to $190.4 million from $164.7 million in May 2013, according to an e-forecasting.com report released Monday. more
The U.S. debt held by the public is expected to rise to 106 percent of the economy in 2039 from 74 percent this year, largely driven by increases in the cost of health benefits, the Congressional Budget Office said. more
An index of Rhode Island’s leading economic indicators rose 0.4 percent in May to 126.8 from 126.3 in April, the second consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
The trade deficit in the U.S. narrowed more than forecast in May on record exports, signaling a pickup in global growth that will boost American manufacturers. more
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled. more
Passenger traffic at T.F. Green Airport declined 7.8 percent in May, the largest year-over-year drop for a single month so far this year, according to numbers released Friday by the R.I. Airport Corporation. more
Rhode Island exports declined 7.1 percent in April compared with the previous month but increased 10.5 percent on a year-over-year basis, according to an e-forecasting.com report released June 17. more
How do you encourage employee feedback? more
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