Economic Indicators
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U.S. consumer spending rises for first time in 3 months
Consumer spending in the U.S. climbed in July for the first time in three months as the biggest part of the economy struggled to overcome a jobless rate hovering over 8 percent. more
Jobless rate in Providence metro drops to 10.9%
Unemployment rates were lower year over year in July for 305 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, the U.S. Bureau of Labor Statistics announced Wednesday. more
| 8/29/12
Home sales rise 5% in Bristol County, Mass.
Single-family home sales in Bristol County, Mass. rose 5 percent in July compared with the same period last year while prices remained flat, The Warren Group said Wednesday. more
Economy in U.S. grew more in 2Q than first estimated
The U.S. economy expanded more than previously estimated in the second quarter, reflecting an improvement in the trade deficit and a pickup in household spending on utilities. more
R.I. foreclosure rate falls 0.3 percentage points in July
The foreclosure rate in Rhode Island fell 0.3 percentage points in July compared with the same period in 2011, CoreLogic said Tuesday. more
| 8/28/12
Consumer confidence in U.S. declines by most since October
Confidence among U.S. consumers fell in August by the most in 10 months as households grew more pessimistic about their employment prospects and the economic outlook. more
R.I. gas up 4 cents, steady in Mass.
Rhode Island’s gasoline prices rose 4 cents this week, marking the fourth consecutive week of price hikes at the pump, according to AAA Southern New England. more
| 8/27/12
Six-month export growth benefits R.I. companies
Rhode Island merchandise exports increased 9 percent during the first half of 2012 compared with the same period in 2011, growing from $1.1 billion to $1.2 billion, according to data released by the International Trade Administration. more
| 8/27/12
Fed says credit quality of large loans improves for third year
The quality of large loans in the U.S. banking system improved for the third year in 2012, with problem credits falling 8.1 percent to $295 billion, according to the Federal Reserve. more
First half of 2012 brought more home sales, lower prices
The real estate market in the first half of this year showed a rise in sales and a decrease in median price from the same six-month period in 2011. more
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