Economic Indicators
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Foreclosure filings fall in Providence metro
Lenders initiated 32 percent fewer foreclosure filings in the Providence-Fall River–New Bedford area in May than they did during the same period 2011, RealtyTrac said Thursday. more
Drop in U.S. retail sales points to slower growth
Retail sales in the U.S. fell in May for a second month, prompting economists to cut forecasts for economic growth as limited job and income gains hold back consumers. more
Woonsocket faces receivership
Woonsocket is facing possible receivership after state lawmakers and Gov. Lincoln D. Chafee failed to agree on a supplemental tax package to repair the city’s finances before the end of this year’s legislative session Tuesday night. more
U.S. stocks advance amid speculation of more economic stimulus
U.S. stocks advanced, rebounding from yesterday’s decline, amid speculation the Federal Reserve will take steps to stimulate the economy and after the European Central Bank endorsed a plan to guarantee bank deposits. more
U.S. stocks retreat as optimism over spain’s aid request fades
U.S. stock futures advanced, following the biggest weekly rally for the Standard & Poor’s 500 Index this year, as investors speculated that the bailout of Spain’s banks will help ease the euro area’s debt crisis. more
Lardaro: R.I. enters 2Q on a ‘positive note’
Economic conditions in Rhode Island entered the second quarter on a “positive note,” according to Leonard Lardaro’s Current Conditions Index, adding that the state is not close to a double-dip recession. more
CEOs lose their optimism as job slowdown imperils U.S. growth
CEOs from General Motors Co. to Hewlett-Packard Co. are turning more pessimistic about a second-half recovery as rising unemployment and Europe’s debt turmoil threaten domestic growth prospects. more
R.I. sees 63% growth in high-income taxpayers
The number of high-income taxpayers in Rhode Island grew 63 percent from 1999 to 2009, according to a new report from The Tax Foundation. more
| 6/7/12
Leading economic indicators continue to rise in April
An index of Rhode Island’s leading economic indicators, produced by e-forecasting.com and Providence Business News, rose 1 percent in April. more
Stocks rise on signs of Spanish bank rescue
U.S. Stocks rose on Wednesday amid signs of a potential rescue of Spain’s troubled banks by the European Union, according to Reuters. more
| 6/6/12
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