Economic Activity
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Despite lagging behind the last half of 2012 in terms of economic growth, revised figures for the second quarter of 2013 show that the quarter is “progressing a little better for Rhode Island than had previously been thought,” according to University of Rhode Island economist Leonard Lardaro, who released his Current Conditions Index on Monday. more
The University of Massachusetts Center for Policy Analysis released its 2013 New England Casino Gaming Update on Sunday. The annual release reports that the bulk of Twin River revenue growth in the past six years can be attributed to Massachusetts visitors. more
The Providence Viaduct Replacement Project got underway with a groundbreaking ceremony at noon Monday, the R.I. Department of Transportation announced. more
An analysis of Rhode Island’s tax data, released Monday by the R.I. Department of Labor and Training, shows more growth in the state’s private sector employment during the first quarter of 2013 than was originally estimated. more
The R.I. Economic Development Corporation and the New England Consortium for Digital Manufacturing and Design Innovation are hosting an “Industry Day” on Tuesday, July 23 from 9 to 11 a.m. at the EDC offices in Providence. more
House flipping for single-family homes continued to rise nationwide during the first half of 2013, as flipping profits for real estate investors shot up nearly 250 percent year over year, according to a report by online real estate marketplace RealtyTrac. more
Toy and game maker Hasbro Inc. posted net income of $36.5 million, or 28 cents per diluted share, during the second quarter of 2013, a 16 percent drop from the $43.4 million, or 33 cents per diluted share, reported during the second quarter of 2012. more
U.S. stocks rose, with the Standard & Poor’s 500 Index extending a record, as investors analyzed earnings from companies including McDonald’s Corp. and awaited data on house sales. more
The Home Price Index in the Providence metropolitan area rose 2.4 percent year to year in May, climbing from $228,000 to $234,000, according to the monthly Home Price Index report released Monday by Lender Processing Services. more
Fewer Americans signed contracts in June to buy previously owned homes, showing rising mortgage rates are beginning to restrain the housing market. more
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