Updated June 29 at 12:29pm
Economic Activity
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Home prices in the Providence-Warwick metropolitan area rose 5.7 percent over the year in January, and climbed 5.6 percent during the same period in Rhode Island, CoreLogic said this week. more
Rhode Island had the largest decline in its jobless rate in October among the New England states, but still had the highest unemployment rate, the U.S. Bureau of Labor Statistics said Thursday. more
Rhode Island ranked 34th in the nation for its lack of export growth during the first nine months of the year, according to e-forecasting.com. more
The Providence metropolitan area ranked 23rd in a list of the 40 largest metros nationwide for its increase in home prices in September compared with September 2014, according to Black Knight Financial Services. more
Capital Properties Inc., which owns a large portion of the Capital Center Special Development District in Providence as well as a petroleum storage facility in East Providence, reported third-quarter net income of $576,000, or 8 cents per share, a 28.6 percent increase over the prior-year quarter when the firm reported net income of $448,000, or 7 cents per share. more
Citizens Bank recently provided a $30 million debt refinancing package to a Florida-based restaurant chain, which includes a development line to build new restaurants and renovate existing ones. more
Real gross domestic product increased at an estimated annual rate of 2 percent in the third quarter in Massachusetts, according to the MassBenchmarks Current Economic Index released Thursday. more
Gasoline prices remain just above $2 in Rhode Island, and just below $2 in Massachusetts, according to AAA Northeast. more
For the second month in a row, Rhode Island’s leading economic indicator has increased. more
The foreclosure rate among outstanding mortgage loans in the Providence-Warwick metropolitan area was 1.8 percent in August, a .04 percentage point increase compared with August 2014, CoreLogic said Thursday. more
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