Economic Activity
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Foreclosure starts fall in Providence metro in January
January Foreclosure starts in the Providence-Fall River-New Bedford area dropped 22 percent and completed foreclosures plunged 61 percent compared with the same period last year, RealtyTrac said Thursday. more
Jobless claims in U.S. decreased more than forecast last week
Fewer Americans than projected filed applications for unemployment benefits last week, indicating an improving outlook for the labor market. more
Court approves R.I. offer to buy Rocky Point property
The U.S. District Court for the District of Rhode Island approved the state’s offer to purchase the remaining 82 acres of Rocky Point land in Warwick to develop a state park, the R.I. Department of Environmental Management announced Wednesday. more
| 2/13/13
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
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