Economic Indicators
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U.S. economy grew 1.9% in 1Q on consumer spending
The U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. more
New England jobless rate little changed in May
New England’s unemployment rate was little changed in May, according to the New England Information Office of the U.S. Bureau of Labor Statistics. more
| 6/27/12
R.I. personal income rises 0.8% in 1Q
Personal income in Rhode Island rose 0.8 percent from $46.3 billion during the fourth 2011 to $46.7 billion during the first quarter 2012, according to a new report from the U.S. Bureau of Economic Analysis. more
| 6/27/12
Home sales in Bristol County, Mass., rise 17% in May
Single-family sales in Bristol County, Mass., rose 17.43 percent compared with the same period in 2011, The Warren Group said Tuesday. more
Foreclosure rate drops slightly in Providence metro
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.31 percentage points in April compared with the same period last year, CoreLogic said Tuesday. more
Santander among 28 Spanish banks cut by Moody’s on debt risk
Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA were among 28 Spanish banks downgraded by Moody’s Investors Service, which cited the country’s sovereign debt and rising losses on real estate loans. more
R.I. exports climb 7.4% in April
Exports from Rhode Island increased 7.4 percent in April, following a 19.9 percent decline in March from February’s record high, according to an international trade statistics report from e-forecasting.com more
U.S. stock futures fall on concern Europe’s crisis will worsen
U.S. stock futures retreated, following last week’s decline, on concern a meeting of European leaders will fail to help contain the region’s debt crisis. more
U.S. stocks rise as banks rally after Moody’s downgrades
U.S. stocks rose, after yesterday’s selloff, as the downgrade of global banks by Moody’s Investors Service was followed by rallies in financial shares while the European Central Bank announced changes to its lending program. more
R.I. receives failing grades on manufacturing and logistics report
Rhode Island received more than one failing grade in the 2012 Manufacturing and Logistics National Report from Ball State University’s Center for Business and Economic Research. more
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