Economic Indicators
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Sales of new U.S. homes unexpectedly plunged in March to the lowest level in eight months, reflecting a broad-based retreat that signals the industry is facing bigger challenges than just bad weather. more
The negative outlook on the U.S.’s AAA credit-ranking was changed to stable by DBRS Inc. amid declining federal budget deficits and after Congress suspended the nation’s debt limit earlier this year until 2015. more
Rhode Island exports fell by $31.4 million in February, or 15.8 percent on a month-over-month basis, according to an e-forecasting.com report released Tuesday. more
U.S. house prices rose 6.9 percent in the 12 months through February, the smallest gain in a year, in a sign that the housing market’s recovery is cooling. more
Foreclosures in the Providence-Warwick metro area declined to 1.89 percent of all outstanding mortgage loans for the month of February from 2.85 percent reported during the same month a year earlier, according to a CoreLogic report released Tuesday. more
Passenger traffic at T.F. Green Airport fell 6.2 percent in March compared with the same period last year, dropping from 335,578 total passengers in March 2013 to 314,784 last month, according to numbers released Tuesday by the R.I. Airport Corporation. more
Moody’s Investors Service issued a warning on April 17 regarding Rhode Island’s failure to reach a settlement with public employee unions over the state’s pension lawsuit, which will go trial on Sept. 15 following the breakdown in renewed mediation talks earlier this month. more
Gasoline prices rose in Rhode Island and Massachusetts this week, but averages in both states remained below the national average for a second consecutive week, according to the weekly survey by AAA Southern New England. more
The index of U.S. leading indicators increased in March by the most in four months, a sign the economic expansion will strengthen following harsh winter weather. more
The R.I. Department of Revenue collected $10 million more in March than during the same month last year, driven by increased public utility and insurance company tax receipts as well as estate and transfer taxes, the department reported Monday. more
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