Economic Activity
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R.I. exports increase 19.3% in January
Exports from the Ocean State increased 19.3 percent in January to $227.9 million on a month-to-month, seasonally adjusted basis after dropping 0.5 percent in December, according to an international trade statistics report from e-forecasting.com. more
| 3/27/13
Newport Fed sees $417K 3Q profit
Newport Bancorp Inc., parent of Newport Federal Savings Bank, posted net income for the third quarter of $417,000, an increase of 50 percent over its 2011 third quarter performance. more
| 11/27/12
Gasoline continues price drop in R.I., Mass.
Gasoline prices in the Ocean State fell 3 cents over the last week, bringing the decline in the last weeks to 7 cents per gallon of self-serve, unleaded regular, AAA Southern New England reported Monday. At $3.76 per gallon, the price of gas stands 1 cent below its level four weeks ago. more
| 3/18/13
Prudential Gammons Realty named IMLS ‘preferred partner’
Prudential Gammons Realty has been “specifically selected” as a partner to the International Multiple Listing Service (IMLS), and exclusive access to international leads, the company announced Wednesday. more
Home starts jump to four-year high as demand firms
Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs of a revival in the industry at the heart of the financial crisis. more
Bloomberg News | 10/22/12
Chafee announces transparency initiative
Gov. Lincoln D. Chafee has signed an executive order in support of a new Transparency and Accountability Initiative as part of the “continuing efforts to promote open and honest government in the state of Rhode Island,” the Office of the Governor announced Thursday. more
| 1/10/13
Employment index in U.S. declines, signaling slower job growth
A measure of job prospects fell in November for the second time in the past three months, indicating the U.S. job market will cool. more
Israel poised for R.I. exports, expert says
Israel remains the Middle Eastern country most primed for U.S. exports and Rhode Island companies wanting to get in on overseas trading should seize any opportunity to do so, advises Atid EDI Ltd., a Jerusalem-based firm that specializes in market research and trade development for the Middle East region. more
CVS profits rise in 4Q, 2012
CVS Caremark Corp., the largest provider of prescription drugs in the United States, posted fourth-quarter and full-year gains in profits, with its bottom line increasing 6.2 percent in the fourth quarter and 12.1 percent over the year. more
| 2/6/13
Lardaro: 2013 starts with ‘very strong, favorable trends’
The pace of Rhode Island’s economic recovery accelerated during the third and fourth quarters of 2012, according to University of Rhode Island economist Leonard Lardaro’s analysis of recently released revised labor market data. Even better news, he said, is that the trend continued into the New Year. more
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