Economic Indicators
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MassBenchmarks: Outlook positive, but sequestration is ‘major threat’
After a relatively good year in 2012, the Massachusetts economy is poised for expansion, according to the Leading Economic Index released Tuesday by the MassBenchmarks editorial board, which added that sequestration was a “major threat to state economic growth.” more
| 2/26/13
Skepticism about U.S. spending seen in consumer stocks
Investors are skeptical that U.S. retail spending will exceed forecasts this year, as some consumer-discretionary stock indexes have yet to reach new multi-year highs relative to their defensive counterparts. more
Real GDP in Providence metro rises 0.9% in 2011
Real gross domestic product increased in 242 of the nation’s 366 metropolitan areas in 2011, including the Providence-New Bedford-Fall River area, according to new statistics released Friday by the U.S. Bureau of Economic Analysis. more
| 2/22/13
Foreclosures rise as delinquent payments dip in Prov. metro
The Providence-New Bedford-Fall River metro area foreclosure rate rose 0.16 percentage points in December compared with the same period in 2011, CoreLogic said Wednesday. more
R.I. exports dip slightly in December
Exports from the Ocean State dropped 0.5 percent in December to $191.1 million on a month-to-month, seasonally adjusted basis after rising a revised 3.4 percent in November, according to an international trade statistics report from e-forecasting.com. more
| 2/26/13
Surveys: CFOs not ready to say recovery complete
Rhode Island chief financial officers echo the restrained expectations for economic growth in 2013 found in two national surveys of finance executives. America’s stubborn economic issues are weighing heavily on regional growth, some local financial leadetrs said. more

By Rhonda Miller
PBN Staff Writer | 3/4/13

Home sales, prices rise in Bristol County, Mass. in January
Single-family home sales and the median price of those sales rose 9 percent in Bristol County, Mass. in January compared with the same month in 2012, The Warren Group said Tuesday. more
Despite rebound, first-time buyers are missing
Though the housing market is rebounding in many local markets, there is one important segment that is not: First-time buyers are missing in action and represent a smaller proportion of overall sales activity than their historical norm. more
3/11/13
Consumer spending in U.S. climbs even as taxes hurt incomes
Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank. more
Business activity in U.S. unexpectedly picked up in Feb.
Business activity in the U.S. unexpectedly expanded in February at the fastest pace in almost a year, a sign the manufacturing industry is poised for growth. more
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