Economic Activity
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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
Manufacturing healthy, says U.S. Chamber COO, but needs support
The Northern Rhode Island Chamber of Commerce’s 22nd annual dinner attracted 370 to see a number of their membership feted and hear a speech by an officer of the U.S. Chamber of Commerce that played up the role of manufacturing in the U.S. 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
Obama says U.S. will begin trade talks with 27 EU nations
President Barack Obama pledged to pursue a trade agreement with the European Union that would expand the world’s largest economic relationship, while at the same time completing discussions for a Pacific-region accord. more
Projo parent moves into the black in 2012
A.H. Belo Corp., the parent company of the Providence Journal and three other daily newspapers, saw its net income fall 5.2 percent to $2.6 million, or 11 cents per diluted share during the fourth quarter, but moved into the black for the whole of 2012. more
| 2/12/13
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
Report: Providence metro ranks 43rd in U.S. for patent innovation
The average number of patents issued yearly in the Providence metropolitan area is 535, earning the metro area the No. 43 spot on the Brookings Institute’s report analyzing patenting and innovation trends in the nation’s 358 largest metropolitan areas. more
| 2/8/13
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