Economic Indicators
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Foreclosures drop, delinquencies rise in Providence metro in July
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.1 percentage points in July compared with the same period in 2011, CoreLogic said Tuesday. more
| 9/25/12
Home sales surge 20% in Bristol County, Mass.
Single-family home sales in Bristol County, Mass., rose 20 percent, and the median sale price increased 7 percent in August compared with the same period last year, The Warren Group said Thursday. more
U.S. stocks advance amid better-than-forecast economic reports
U.S. stocks advanced, snapping a three-day decline for the Standard & Poor’s 500 Index, after better-than-estimated consumer confidence and housing data. more
R.I. personal income rises 1% in 2Q
Personal income in Rhode Island rose 1 percent from $47 billion during the first quarter of 2012 to $47.5 billion during the second quarter, according to a new report from the U.S. Bureau of Economic Analysis. more
| 9/25/12
HousingWorks: Affordable housing still out of reach for many in Ocean State
Declining real estate values over the past four years have done little to make homes more affordable for the average Rhode Islander, HousingWorks Rhode Island said in its annual housing report released Friday. more
Orders for U.S. capital goods signal business spending slowdown
A gain in demand for capital goods such as equipment and machinery in August failed to make up for declines in the previous two months, showing slowdowns in business investment and exports threaten to further restrain the U.S. economy more
Home sales rise again in August
Sales of single-family homes in Rhode Island rose 13 percent in August compared with the same period last year, the 14th consecutive month of increased year-over-year sales volume. more
Rhode Island exports plunged 14.3% in July
Exports from Rhode Island plunged 14.3 percent in July after rallying 13.2 percent in June, according to an international trade statistics report from e-forecasting.com. more
| 9/27/12
MassBenchmarks: Mass. economy shifts into ‘lower gear’
After outstripping national growth in recent years, the Massachusetts economy has “dropped into a lower gear,” according to the Leading Economic Index released Thursday by the MassBenchmarks editorial board. more
Oil drops to lowest in 3 months on economic outlook concern
Crude dropped below $87 a barrel to the lowest in almost three months in New York while London’s Brent futures fell for a sixth session as companies missed sales forecasts leading to concern about the global economic outlook. more
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