ECONOMIC INDICATORS

Leading indicators index continues rise in Feb.

COURTESY E-FORECASTING.COM
AN INDEX of Rhode Island’s leading economic indicators - produced by PBN and e-forecasting.com - rose 1.2 percent in February - the fourth consecutive month of increases. For a larger version of this chart, click HERE.
Posted 4/5/12

PROVIDENCE – An index of Rhode Island’s leading economic indicators rose 1.2 percent in February.

The index, produced by e-forecasting.com and Providence Business News, rose to 120.3. A reading of 100 is equivalent to the state’s activity in 2000.

The February increase marked the fourth consecutive month of rises. The index rose 0.9 percent in January after more than doubling the index’s 0.4 percent increase registered in December 2011.

The economic indicator index uses nine statistics to forecast the direction of the state’s economy over the next three to six months. Positive numbers signal growth while negative numbers denote contraction.

Eight of the nine statistics had positive contributions to the index in February, including: unemployment claims, weekly hours in manufacturing, building permits, consumer expectations, state employment barometer, stock prices, interest rate spread and orders index.

Only the exports of manufactures statistic had a negative contribution.

The six-month growth rate – “a signal of turning points” – was 3.6 percent in February after holding a rate of 1.7 percent in January.

By comparison, the long-term annual growth rate for the index was 2.2 percent, the same as the annual growth rate of the state’s overall economic activity.

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement