Economic Indicators
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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
Indentured students jump as U.S. loans corrode education ticket
In the early years, the loan program let ambitious teens take on a small debt that could pay off with a lifetime of higher earnings. Now, the $1 trillion in outstanding student debt has become a drag on the economic recovery, a flashpoint in the presidential election and a threat to the egalitarian ideals of U.S. higher education. more
Thanksgiving travel projections rise for 4th consecutive year
AAA Southern New England has projected a 0.7 percent rise in Thanksgiving holiday travel, the fourth consecutive year of increases since holiday travel fell 25 percent in 2008. more
| 11/14/12
Underwater mortgages in R.I. drop 2.8% in 2Q
The number of underwater homes in Rhode Island dropped 2.8 percent in the second quarter. There were 51,727 properties in the Ocean State worth less than the outstanding mortgages on them in the April-June period of 2012, according to the Santa Ana, Calif.-based real estate data firm, down from 53,208 in the first three months of the year. more
| 9/12/12
R.I. exports surge 20.7% in August as U.S. exports fall
Exports from the Ocean State increased 20.7 percent in August after falling 14.3 percent in July on a month-to-month basis, according to an international trade statistics report from e-forecasting.com more
| 10/24/12
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. exports up in 1Q but fall in March from February
Exports from Rhode Island plunged 19.9 percent to $212.6 million in March after reaching a record high of $265.5 million in February, according to an international trade statistics from e-forecasting.com. more
Housing market recovery helping bolster U.S. expansion
Sales of previously owned homes and work on single-family projects climbed in August to the highest levels in two years, signaling the residential real-estate market is contributing to U.S. economic recovery. more
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
Foreclosures in metro drop in August
Lenders initiated 31 percent fewer foreclosures on Providence metropolitan-area homes during August than they did during the same period last year, RealtyTrac said Thursday. more
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